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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 ?
"I was going to say, Major, that I felt particularly sensible of your kind welcome because, as it happens, I have a favor to ask of you."
But Major Fitz-David's admiration rose from one climax to another with such alarming rapidity that I felt the importance of administering a practical check to it.
"He said `very good,'" muttered the major, "then -- sir" -- replied he.
"I must explain to you," said the major, "that, fully confiding in the signature of the Abbe Busoni, I had not provided myself with any other funds; so that if this resource had failed me, I should have found myself very unpleasantly situated in Paris."
"What, then, will be the thickness of the sides?" asked the major.
"But, my dear president," said the major, "is not the cost price of aluminum extremely high?"
"We're all good fellows here," the Major's lady continued.
"And you with such a beautiful front of black, Peggy, my dear," the Major cried.
all is lost!" replied the major, "they have eaten my horse; and how can I make this stupid general and his wife walk?"
The major then rolled over the men who were sleeping on his blankets, which he tossed into the carriage, together with some roasted fragments of his mare.
"Did he--" asked Major Putnam in a lowered voice, "did he fall or cry out, or anything?"
She was looking over his shoulder towards where Major Thomson, who had just returned, was answering a little stream of questions.