- Contingent Voting Power
- A provision granting voting rights to preferred shareholders when the company cannot uphold the obligations outlined in the preferred shareholder arrangement. Contingent voting powers offer the shareholders additional security for holding preferred instruments.
With preferred stock, the primary source of income is generated from dividends because capital appreciation is minimal. Contingent voting powers may come into effect when the firm fails to make the dividend, eliminating the revenue of the preferred group. Armed with the power to vote, preferred shareholders may seek to remedy the financial difficulties that are restricting dividends by voting in new directors.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
contingent voting power — Enables preferred stockholders to vote when the company fails to satisfy the agreement between itself and the preferred stockholders. Bloomberg Financial Dictionary … Financial and business terms
Voting system — For other uses, see Voting system (disambiguation). Part of the Politics series Electoral methods … Wikipedia
Contingent valuation — is a survey based economic technique for the valuation of non market resources, such as environmental preservation or the impact of contamination. While these resources do give people utility, certain aspects of them do not have a market price as … Wikipedia
voting trust — The transfer of title by stockholders of shares of a corporation to a trustee who is authorized to vote the shares on their behalf. One created by an agreement between a group of the stockholders of a corporation and the trustee, or by a group of … Black's law dictionary
voting trust — Simply stated, a device whereby persons owning stock with voting powers divorce the voting rights thereof from the ownership, retaining the latter to all intents and purposes and transferring the former to trustees in whom the voting rights of… … Ballentine's law dictionary
Instant-runoff voting — Example instant runoff voting ballot … Wikipedia
Proxy voting — Part of the Politics series Electoral methods Single winner … Wikipedia
First-past-the-post voting — Part of the Politics series Electoral methods Single winner … Wikipedia
History and use of instant-runoff voting — Instant runoff voting was invented around 1870 by the American architect W. R. Ware. Today it is in use at a national level to elect the Australian House of Representatives, the Fijian House of Representatives and the President of Ireland. In… … Wikipedia
Electoral College (United States) — Electoral votes by state/federal district, for the elections of 2012, 2016 and 2020, with apportionment changes between the 2000 and 2010 Censuses … Wikipedia