Block voting
A group of shareholders banding together to vote their shares in a single block. |
Similar financial terms
BlockholderThe holder of a significant stake of a the ownership shares.
Block house
Brokerage firms that help to find potential buyers or sellers of large block trades.
Block trade
A large trading order, defined on the New York Stock Exchange as an order that consists of 10,000 shares of a given stock or a total market value of $200,000 or more.
Blocked currency
A currency that is not freely convertible to other currencies due to exchange controls.
Inverted block rate
A cost structure for energy in which each additional block or unit of energy above a given level is charged at a higher rate than preceding blocks. Inverted block rates are most commonly applied to energy delivered to clients who require large portions of their energy during peak demand periods when energy costs are typically higher, or when additional system capacity has to be brought online to meet that client's needs.
Voting rights
The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors.
Straight voting
A shareholder may cast all of his votes for each candidate for the board of directors.
Majority voting
Voting system under which each director is voted upon separately.
Cumulative voting
A system of voting for directors of a corporation in which shareholder's total number of votes is equal to his number of shares held times the number of candidates.
