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contingent voting rights

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Financial Dictionary

contingent voting rights

The entitlement to vote in a corporate election in the event of certain prescribed events. For example, owners of preferred stock may obtain the right to vote for a firm's directors in the event that preferred dividends are not paid.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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