Dynastic order Dynastic order A dynastic order, monarchical order, or house order, is an order under royal patronage, bestowed by the head of a currently or formerly sovereign royal family as legitimate fons honorum. These are often considered part of the cultural patrimony of the royal family. They are orders of chivalry, and orders of merit just as those distributed by sovereign states, but dynastic orders were often founded or maintained to reward service to a monarch, or the monarch's subsequent dynasty. An example of this difference is seen between the Royal Victorian Order, in which appointments are made as a personal
Restricted stock Restricted stock Restricted stock, also known as letter stock or restricted securities, is stock of a company that is not fully transferable (from the stock-issuing company to the person receiving the stock award) until certain conditions (restrictions) have been met. Upon satisfaction of those conditions, the stock is no longer restricted, and becomes transferable to the person holding the award. Restricted stock is often used as a form of employee compensation, in which case it typically becomes transferrable ("vests") upon the satisfaction of certain conditions, such as continued employment for a period of time or the achievement of particular product-development