majority

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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 periodicals archive ?
20-161: Approval would clarify the process to follow when an individual receives a majority of votes in the primary election
No play won a majority of votes on the first ballot.
A majority of votes does not guarantee a nominee's approval.
If no one gets a majority of votes, the top two finishers will meet in a May 17 runoff.
The Founding Fathers also wanted to ensure that support for a candidate was broad as well as deep, so that, for example, a candidate who received 90 percent of the vote in Southern states and a slim majority of votes nationally could not be elected against the will of the rest of the country.
Theresa Ferris had already been co-opted on to the council but yesterday her election success made her a fully-fledged councillor after she romped home with the majority of votes for Sinn Fein.
The Czech parliament handed Czech Television's Christmas Eve strikers an early valentine in the form of a new general manager: Jiri Balvin, viewed as a compromise candidate by both sides, won a clear majority of votes, 102 of 199, to top a field of seven candidates considered for the job.
When the House chooses a president, each state's delegation gets one vote, with a majority of votes (26) required to win.
WASHINGTON -- The International Association of Machinists and Aerospace Workers (IAM) today announced that Fleet Service workers at Delta did not achieve the needed majority of votes to secure IAM representation.
The lawmaker reminded the Speaker may be dismissed ahead of the term with the majority of votes, i.
A majority of the cantons would have been required in addition to an overall majority of votes.
The winner of our highest office is not required to win a majority of votes, either nationwide or in each state, to win that state's electoral votes.