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has gloss | (noun) an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees voting trust |
has gloss | eng: A voting trust is a trust whereby the shares in a company of one or more shareholders and the voting rights attached thereto are legally transferred to a trustee, usually for a specified period of time (the "trust period"). In some voting trusts, the trustee may also be granted additional powers (such as to sell or redeem the shares). At the end of the trust period, the shares would ordinarily be re-transferred to the beneficiary(ies), although in practice many voting trusts contain provisions for them to re-vested on the voting trusts with identical terms. |
lexicalization | eng: voting trust |
subclass of | (noun) something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father" trust |
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similar | e/Voting trust |
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