Financial term of the day, Wednesday 24th of August 2016:

Quorum

This is the minimum number of people which can attend a meeting (such as a Board Meeting) in order for the meeting to be official and for business to be properly conducted. For example, a Board of 5 persons may specify that a quorum for a meeting is 3 persons. Hence, if only 2 people show up, the meeting would not continue.

Similar financial terms

Quorum
This is the minimum number of people which can attend a meeting (such as a Board Meeting) in order for the meeting to be official and for business to be properly conducted. For example, a Board of 5 persons may specify that a quorum for a meeting is 3 persons. Hence, if only 2 people show up, the meeting would not continue.

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ISA

Individual Savings Account


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