Meaning of “ordinary resolution” in the English Dictionary

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"ordinary resolution" in Business English

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ordinary resolutionnoun [ C ]


a formal statement on which people in an organization vote, and which must be approved by at least 50% of the shareholders in a special meeting:

The purchase of assets exceeding a certain value must be approved in a general meeting by an ordinary resolution.

(Definition of “ordinary resolution” from the Cambridge Business English Dictionary © Cambridge University Press)