In a public Limited Liability Companies, equities are referred to as?

In a public Limited Liability Company (PLC), equities are referred to as ordinary shares. Ordinary shares are issued to the shareholders who invest in the company, providing them with the right to vote on company decisions and receive a portion of the company's profits, known as dividends. PLCs are companies that have offered their shares for sale to the public, and are required to issue a prospectus to provide information to potential investors. The authorized capital is the maximum amount of capital that a company is permitted to issue under its memorandum of association, while the called-up capital is the amount of capital that the company has requested from shareholders to be paid up. Preference shares are a type of share that entitles the holder to a fixed dividend and priority over ordinary shareholders in the event of liquidation, but generally do not carry voting rights.