proxy vote

Definition

A vote that is cast by one entity on behalf of another. In securities, shareholders often give company management the right to cast their vote at a shareholder's meeting.

Use proxy vote in a sentence

It was a proxy vote and everyone wondered if it was legal and people could vote on behalf of another one.

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You may need to send in a proxy vote if you will not be able to attend the real vote but want your opinion counted.

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Most corporations which have small individual investors or fund investors issue a letter from management so that shareholders will give a proxy vote to management during company decision making, instead of attending meetings themselves.

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