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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Proxy Contest

Definition:

A proxy contest happens when a bunch of shareholders team up together to sway a vote.

It's basically the corporate equivalent of the villagers showing up with torches and pitchforks and happens with takeovers and when shareholders are upset about a policy change. (The CEO really should have known that hiring his 8-year-old kid as an exec would have repercussions, eh?)