proxy
proxy definition - finance
A
ballot that allows shareholders to cast their vote at an annual or special
meeting without attending the actual meeting. Typically the proxy can be mailed
or cast through an automated telephone voting service or on the Internet.
Proxies also can be given to someone, who then votes on behalf of the
shareholder. This right may be given to an attorney, to the corporation (which
will vote the shares in line with its wishes), or to another person the
shareholder authorizes.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Comments
Improve this definition.
Share on Facebook