supermajority amendment

supermajority amendment

Often used in risk arbitrage. Corporate amendment requiring that a substantial majority (usually 67% to 90%) of stockholders approve important transactions, such as mergers.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: General Finance
Company: Bloomberg
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

supermajority

Government; U.S. election

Some important votes require more than a simple majority - 50%-plus-one of those voting - to be carried. This is known as a supermajority. In the Senate, a supermajority of 60% ...

supermajority

Financial services; General Finance

Provision in a company's charter requiring a majority of, say, 80% of shareholders to approve certain changes, such as a merger.

supermajority

Law; Legal services; General law

A majority far above 50 percent. This vote total is required for many important, unusual actions, such as change to a constitution.

supermajority

Law; General law

A majority far above 50 percent. This vote total is required for many important, unusual actions, such as change to a constitution.

amendment

Government; American government

A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, ...

hardship assistance

Financial services; General Finance

A financial assistance given out in times of personal fincancial hardship, e.g. loss of job, insurance, or property.

government grants

Financial services; Accountancy; Finance; General Finance

Awards of financial assistance in the form of money by governments to an eligible grantee with no expectation that the funds will be paid back. This does not include technical ...

bankers' acceptances (BA)

Financial services; General Finance

Sometimes known as time drafts, these are bearer-form short-term non-interest-bearing notes sold at a discount, redeemed by accepting banks for full face value at maturity.

bed and breakfast deal

Financial services; General Finance

The sale of a share and its repurchase shortly after the beginning of a new tax year. This allows shareholders to register a capital loss or profit for tax purposes while ...

Bank for International Settlements (BIS)

Financial services; General Finance

An international organization that fosters international monetary and financial co-operation and serves as a bank for central banks and international financial organizations. It ...