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Majority Stake

The ownership of 50% plus one of the stock in a publicly-traded company. This gives the person or company holding majority stake outright control of the company's operations, especially the election of its board of directors. Some majority stake holders are not involved in the daily operations of the company, but most are. Indeed, the majority shareholder is often the company's founder. See also: Parent company.

majority

The age at which a person is able to enter into legally binding contracts in a particular state.

References in classic literature ?
The major, holding his sabre in his well hand, with his pistols in his belt, gathered up the reins with the other hand and mounted one horse while the grenadier mounted the other.
Masters of Studzianka, they could sweep the plain, and by daylight the major could see two of their columns moving and forming on the heights.
Fortunately the major, who was carrying the countess, was still some distance from it.
The major drew an arm-chair towards him, and proceeded to seat himself.
Really," said the major, "I am quite ashamed of the trouble I am giving you.
The major made a wise choice; he took the full glass and a biscuit.
The interior exhibited a paradox often to be marked in such morning hours: that the rooms seemed brighter than the sky outside; even after the Major had turned out the one gaslight in the front hall.
While he stood wavering in the hall Major Putnam rushed past him and sent a raging eye over the whole oblong of the tablecloth.
The Major patted him on the shoulder with a gesture almost peculiar to the soothing of a sick child, and said: "It was a burglar.
replied the major, who was not willing readily to give in; "even that is an enormous price.
And you with such a beautiful front of black, Peggy, my dear," the Major cried.
It's the 150th gives us a farewell dinner, my love," interposed the Major, "but we'll easy get a card for Mr.