Meaning STAGGERED BOARD OF DIRECTORS: Occurs when a portion of directors are elected periodically, instead of all at once. Board terms are often staggered in order to thwart unfriendly takeover attempts, since potential acquirers would have to wait longer before they could take control of a company's board through the normal voting procedure
More terms such as Staggered board of directors in Dictionary S.
- Definition Stripped Yield:
- Examples Applies mainly to convertible securities. Return on the debt portion of a bond/warrant unit after subtracting the value of the issued warrant segment staggered board of directors definition.
- Definition Speculative Demand (For Money):
- Examples The need for cash to take advantage of investment opportunities that may arise staggered board of directors explain.
- Definition Seniority:
- Examples The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid staggered board of directors what is.
- Definition Senior Debt:
- Examples Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment staggered board of directors meaning.
- Definition Set-Aside:
- Examples A percentage of a municipal or corporate bond underwriting that is allocated for handling by a minority-owned broker/dealer firm staggered board of directors abbreviation.
