(redirected from Majority Stake)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.


Full age; legal age; age at which a person is no longer a minor. The age at which, by law, a person is capable of being legally responsible for all of his or her acts (e.g. contractual obligations), and is entitled to the management of his or her own affairs and to the enjoyment of civic rights (e.g. right to vote). The opposite of minority. Also the status of a person who is a major in age.

The greater number. The number greater than half of any total.

The common-law age of majority is twenty-one although state legislatures may change this age by statute. Infants reach the age of majority on the first moment of the day preceding their twenty-first birthday. Minority is the period of time when a child is an infant.


n. 1) the age when a person can exercise all normal legal rights, including contracting and voting. It is 18 for most purposes, but there are rights such as drinking alcoholic beverages which vary and may require greater age. 2) 50 percent, plus one of votes cast. (See: minority, infancy, child)


(Adulthood), noun age of discretion, age of majority, age of responsibility, full age, full legal age, legal age, legal competence, legal maturity, manhood, maturity, voting age, womanhood
Foreign phrases: Minor ante tempus agere non potest in casu proprietatis nec etiam convenire.A minor under age cannot act in a case of property.


(Greater part), noun better part, biggest share, body, bulk, generality, greater number, larger nummer, larger part, lion's share, main body, main part, maior numerus, maior pars, major part, mass, more than half, most, plurality, predominance, predominant part, preponderation, principal part, weight of numbers
Associated concepts: majority rule, majority vote, plurality, quorum, requisite majority
See also: bulk, generality, maturity, plurality, preponderance


the age when a person attains full legal capacity, even if there may still be many things that cannot be done legally or, indeed, many things now in the UK which can be done younger, especially at 16 years. In the UK at the moment the age of majority is 18 years.

MAJORITY, persons. The state or condition of a person who has arrived at full age. He is then said to be a major, in opposition to minor, which is his condition during infancy.

MAJORITY, government. The greater number of the voters; though in another sense, it means the greater number of votes given in which sense it is a mere plurality. (q.v.)
     2. In every well regulated society, the majority has always claimed and exercised the right to govern the whole society, in the manner pointed out by the fundamental laws and the minority are bound, whether they have assented or not, for the obvious reason that opposite wills cannot prevail at the same time, in the same society, on the same subject. 1 Tuck. Bl. Com. App. 168, 172; 9 Dane's Ab. 37 to 43; 1 Story, Const. Sec. 330.
     3. As to the rights of the majority of part owners of vessels, vide 3 Kent, Com. 114 et seq. As to the majority of a church, vide 16 Mass. 488.
     4. In the absence of all stipulations, the general rule in partnerships is, that each partner has an equal voice, and a majority acting bonafide, have the right to manage the partnership concerns, and dispose of the partnership property, notwithstanding the dissent of the minority; but in every case when the minority have a right to give an opinion, they ought to be notified. 2 Bouv. Inst. n. 1954.
     5. As to the majorities of companies or corporations, see Angel, Corp. 48, et seq.; 3 M. R. 495. Vide, generally, Rutherf. Inst. 249; 9 Serg. & Rawle, 99; Bro. Corporation, pl. 63; 15 Vin. Abr. 183, 184; and the article Authority; Plurality; Quorum.

References in periodicals archive ?
and CEZ AS were also said to have shown interest in acquiring Enel majority stake in Maritsa East 3.
The shortlisted bidders for the majority stake in the state-owned aircraft manufacturer are a consortium led by Czech private equity company Kilcullen Kapital Partners; a consortium led by the banking company Benson Oak and RPG Industries; a consortium led by Omnipol; and a consortium comprised of PPF Investments and J&T Finance, a Czech and a Slovak investment company.
Caption(s): Paul Baughman, BIA, purchased a majority stake in Philippe Deshoulieres.
Barclays raised offer for a majority stake in South Africa's biggest retail lender Absa is set to be approved
Mr Murray already had a 42pc holding, and now has a majority stake.
It is understandable Mr Moores needs time to consider a proposal that removes his majority stake.
LOSING OUT: Stella McCartney's label is backed by fashion house Gucci, which holds a majority stake in the business
The American subsidiary of the Japanese Tyre giant Bridgestone, Bridgestone/Firestone (BFS), announced in mid-August that it had acquired a majority stake in the Tyre distributor Morgan Tire and Auto (MTA), based in Clearwater (Florida), making it the leading tyre distributor in the United States.
The government subsequently engineered a multibillion dollar banking sector bailout, taking a majority stake in Cintra.
plans to obtain a majority stake in Fuji International Speedway Co.
As a first step, S3 agreed to sell its majority stake in its graphic chip joint venture to the Taiwanese chip maker VIA Technologies Inc.
Heineken agreed to pay $919 million in cash for Diageo's majority stake in Cruzcampo.