contingent voting rights(redirected from Contingent Voting Right)
Contingent Voting Rights
Voting rights that go to a shareholder or other stakeholder who does not ordinarily have them. For example, a shareholder may receive contingent voting rights in the event that the company does not fulfill obligations that it promised the shareholder it would fulfill. Contingent voting rights are agreed between the company and the shareholder or stakeholder.
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contingent voting rights
The entitlement to vote in a corporate election in the event of certain prescribed events. For example, owners of preferred stock may obtain the right to vote for a firm's directors in the event that preferred dividends are not paid.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.