Blacks Law Dictionary What is MINORITY? The state or condition of a minor; infancy. The smaller number of votes of a deliberative assembly; opposed to majority, (which see.) What is MINORITY BUSINESS? As defined by the US or other individual state, this is a specific type of business whose ownership is considered to be ethnically or economically disadvantaged and owns at least 51% of this business. The advantages of this condition include an increase in government contracts or access to more resources for this business. Such businesses are usually certified by the federal, state, or municipal government. An ethnic or economically disadvantaged group in the US is currently African-American, Hispanic, or Asian. What is MINORITY DISCOUNT? Because a non-owner or minority owner cannot maintain or otherwise engage in the business’ operations, this specific type of discount is received by shareholders, company owners of less that 50% ownership, and other non-controlling interests in the assets of a small business. What is MINORITY CONTROL? When several investors with small amounts of stock get together to gain control. What is MINORITY INTEREST? 1. Non-controlling stockholders’ and shareholders’ tallied equity. 2. These are the subsidiaries of a firm that does not hold controlling interest in that firm’s consolidated accounts. What is MINORITY SQUEEZE-OUT? The action of a particular company’s shareholder majority moving to buy up a minority shareholder’s stock to eliminate that shareholder. For the purchase of the minority shareholders’ remaining stock, the buyout offers proper compensation.
Posted on: Tue, 18 Mar 2014 04:46:58 +0000
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