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.
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majority

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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
"If every judge Bush had nominated by April was confirmed tomorrow," notes Elliot Mincberg, vice-president of People for the American Way, "there would be Republican majorities on 10 of the 13 circuits in the land.
(He has been re-elected ever since by majorities sometimes topping 75 percent.)
After all, his biggest beef with the left is not that we take the wrong positions, but that we too often end up with a minority position--advocating against welfare "reform," for example, when huge majorities seem to favor it.
At the same time, the dominance of "small-I liberalism" has meant that, even when Brian Mulroney won two massive majorities in 1984 and 1988, there was not the slightest attempt to enact small-c conservative policies.