supermajority voting

supermajority voting
USA
This term has a number of meanings. In the context of:
• Finance, it is also known as requisite lender voting. A requirement for the affirmative vote of lenders holding more than a majority (usually 66 2/3%) of the amount of unused commitments and outstanding loans.
• Corporate, a requirement for the affirmative vote of more than the majority of the board (board of directors) or equity holders (often 66 2/3% or 80%). Supermajority voting is one of several anti-takeover defenses.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Voting in the Council of the European Union — The procedures for Voting in the Council of the European Union are described in the treaties of the EU. The Council of the European Union was instituted under this name in the Maastricht Treaty. The voting procedures defined there were changed in …   Wikipedia

  • Supermajority — Part of the Politics series Politics List of political topics Politics by country …   Wikipedia

  • Voting system — For other uses, see Voting system (disambiguation). Part of the Politics series Electoral methods …   Wikipedia

  • Voting basis — A voting basis is the criteria for determining what number or percentage of votes are required for a proposal to be adopted, or for a candidate to be elected. Two elements make up a voting basis: the proportion that must agree (majority, two… …   Wikipedia

  • supermajority provisions — Provisions in the byelaws of a company that call for more than a simple majority of its members when voting on certain motions, such as the approval of a merger or whether or not to agree to a takeover. In these circumstances the provisions may… …   Big dictionary of business and management

  • Approval voting — is a single winner voting system used for elections. Each voter may vote for (approve of) as many of the candidates as they wish. The winner is the candidate receiving the most votes. Each voter may vote for any combination of candidates and may… …   Wikipedia

  • Majority rule — Majority Rules redirects here. For Canadian comedy show, see Majority Rules!. Part of the Politics series Electoral methods …   Wikipedia

  • List of Oregon ballot measures — Elections in Oregon Federal offices Presidential elections 2000 · 2004 · 2008 Presidential primaries …   Wikipedia

  • Direct democracy — Part of the Politics series Democracy History · Vari …   Wikipedia

  • Absolute majority — An absolute majority or majority of the entire membership (in American English, a supermajority voting requirement) is a voting basis which usually requires that more than half of all the members of a group (including those absent and those… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”