What is a proxy?

A written authorization given by a shareholder for someone else, usually the company’s management, t…

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proxy TERM OF THE DAY proxy A written authorization given by a shareholder for someone else, usually thecompany’s management, to cast his/her vote at a shareholder meeting or at another time. More generally, a person who represents another person. Learn more about this term Usage Example After receiving written permission, the corporation acted as a proxy for a handful of shareholders by casting a vote that aligned with company wishes. COMING SOON: NEW YEAR’S SPECIAL 2014 is around the corner! It’s that time again to reflect on the past year and make your New Year’s resolutions. Beginning in January, there will be a weekly New Year’s Resolution special in every Term of the Day offering advice on how to achieve your personal finance goals. Make 2014 a year of action. CLICK HERE to receive an email reminder when it’s available! Otherwise, stay tuned for the first special on January 1st. MARKETPLACE Options Industry Council Download a free Options Fundamentals Podcast, from the Options Industry Council. Click to View This Offer… FEATURED ARTICLE What International Exchanges Exist For Futures? Exchanges are markets with standardized rules, which enable buyers and sellers to meet at a common junction to deal in their commodities. Futures contracts are … Read this article TIP OF THE DAY Where Big Money is Made Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting. Read this tip

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