Supermajority
Created by Unknown User (aet10), last modified on Oct 30, 2020
n. pl. su·per·ma·jor·i·tiesA specified majority of votes, such as 60 percent, required to approve a motion or pass legislation. The company, for instance, has a supermajority clause in its articles of incorporation; 80% of the shareholders must approve any sale or merger. (Toussaint, S-Z, 2020)
Document generated by Confluence on May 22, 2023 12:37