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quorum definition - finance
The smallest number of people that must vote (either in person or by proxy) in shareholder meetings, boards of directors meetings, legislative meetings, or other committee and organization meetings. If a quorum isnÂ’t reached, then the results of the voting are not valid.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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