What is meant by shares

Each unit of ownership denotes an equal amount of a business's wealth. It enables the shareholders to an equal right to the business's profits and an equal responsibility for the business's arrears and deficits. A share is a document that acknowledges the ownership of a company to the limit of the amount contributed. So, the share is defined as an interest in the company reflecting the ownership then and entitling to receive profit proportionately.
The share capital of a company is divided into fixed number of units and each such unit is called a share. Major types of shares are one having voting and major company rights and claim holders of the profit and the other are the one who have no voting rights or major company rights but are promised of a certain periodic income or interest. Therefore, a share can be defined as a unit of share capital reflecting the extent of the interest of a shareholder.