Common stock is an asset for the shareholder. Like any other asset, such as a house, gold, or diamonds, the owner will receive payment when it is sold. Like any other asset, such as a house, gold, or diamonds, the owner will receive payment when it is sold. Common stock is a type of security that represents ownership of equity in a company. There are other terms – such as common share, ordinary share, or voting share – that are equivalent to common stock. Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently in other parts of the world; "common stock" being primarily used in the United States. They are known as equity shares or ordinary shares in the UK and other Commonwealth realms.