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working control

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working control  
n.  The ownership of a sufficient amount of a firm's voting stock to determine corporate policy.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

working control

The ownership of a sufficient amount of a firm's voting stock (not necessarily more than 50%) to determine corporate policy. Compare majority stockholder.

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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