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Aktiebolag. Stock company -- can be publicly-traded or privately-held. In Sweden, privately-held AB's must have capital of at least SEK 100,000 upon incorporation. AB's are also required to allocate at least 10% of the profits for reserves per year until reserves are at least 20% of the start-up capital. Publicly-traded AB's in Sweden must have capital of at least SEK 500,000. There must be at least three board members for Swedish AB's. An Annual General Meeting is required. AB's are registed with the Patents and Registration Office (Patent- och Registreringsverket, or PRV). The Swedish automobile and aircraft manufacturer SAAB is actually an acronym -- Svenska Aeroplan Aktiebolaget. Aktiebolaget is sometimes used instead of Aktiebolag, since the definite article is appended to the end of the word in Swedish (Aktiebolaget means THE stock company whereas Aktiebolag means just Stock Company).
Originally posted by emile
So the AB not means two first letter taken from two different words whereas taken from single word AktieBolaget?!