Provision in a company's charter requiring a majority of, say, 80% of shareholders to approve certain changes, such as a merger. The New York Times Financial Glossary

Financial and business terms. 2012.

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  • supermajority — su·per·ma·jor·i·ty / sü pər mə ˌjȯr ə tē/ n: a large majority a provision requiring a supermajority vote say, 80 % of the common shares instead of the usual bare majority rule R. C. Clark Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary

  • supermajority — [so͞o΄per mə jôr′ə tē, so͞o΄per məjär′ə tē] n. a specified number or percentage of votes, exceeding the minimum needed to produce a majority, required to pass certain legislative bills, ballot issues, etc …   English World dictionary

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

  • Supermajority — A corporate amendment in a company s charter requiring a large majority (anywhere from 67 90%) of shareholders to approve important changes, such as a merger. This is sometimes called a supermajority amendment . Often a company s charter will… …   Investment dictionary

  • supermajority — ˌ noun Etymology: super + majority (I) : a majority (as two thirds or three fifths) greater than a simple majority treaty ratification requires a supermajority …   Useful english dictionary

  • 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… …   Law dictionary

  • 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

  • supermajority — noun Date: 1977 a majority (as two thirds or three fifths) greater than a simple majority …   New Collegiate Dictionary

  • supermajority — /sooh peuhr meuh jawr i tee, jor /, n., pl., supermajorities. 1. a majority that must represent some percentage more than a simple majority. 2. a majority greater than a specified number, as 60%, of the total: required to pass certain types of… …   Universalium

  • supermajority — noun /ˌs(j)upɜrməˈʤɔrɪti/ any qualified majority, specified in advance of a vote, required for the vote to be passed …   Wiktionary

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