contingent voting rights

contingent voting rights definition - business

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.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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