That's right, as per the Standards Clay needs to follow the strictest of the New York laws,
Waselia laws and the Standards.

A callable stock can be recalled or redeemed by the issuer of the stock. Generally, callable stock is issued with a specific redemption price appearing in the terms and conditions of the sale.

A stock split will reduce the price and earnings per share proportionately, leaving the price-to-earnings ratio the same.

Money can serve as a precautionary store of liquidity in the event of unexpected need.

Many open-end mutual funds charge an up-front sales fee called a load. Loads are as high as 8%, with fully loaded funds charging 7.5-8%, and low-load funds charging less than 3%. The load is calculated as a percentage of the purchase, or offering, price and is deducted from the shareholder's account upon purchase. Front-end loaded funds offer investors a reduced sales charge for large purchases, and some funds may charge a load on reinvested dividends.