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voting trust certificate

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Financial Dictionary

voting trust certificate

A trust-issued certificate that evidences stock ownership but reserves voting rights for the trust. Voting trust certificates are exchanged for stock when voting power must be consolidated. Thus, holders of certificates have all the usual rights of stockholders with the exception of voting rights.

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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Legal Dictionary

Main Entry: voting trust certificate
Function: noun
: a certificate issued as evidence of the holder's beneficial interest in a voting trust
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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