Dictionary
Thesaurus
Encyclopedia
Translator
Web

supermajority provision

 - 1 dictionary result
Financial Dictionary

supermajority provision

A part of a corporation's by-laws that requires an unusually high percentage of stockholder votes in order to bring about certain changes. For example, a firm may require that 80% of shares approve a resolution to call a meeting of stockholders for any purpose other than the annual meeting. This provision makes a corporate takeover more difficult. See also board-out clause.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Search another word or see supermajority provision on Thesaurus | Reference
FacebookTwitterFollow us: