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Finance Dictionary and Glossary of Investment Terms
Quorum
Definition 1.
The minimum number of people who must be present or must provide a proxy to vote at a meeting in order to make a valid decision.
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Definition 2.
Minimum number of people who must be present (physically or by proxy) in order for a decision to be binding.
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Definition 3.
The minimum acceptable level of individuals with a vested interest in a company needed to make the proceedings of a meeting valid under the corporate charter.
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