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Supermajority

• Provision in a company's charter requiring a majority of, say, 80% of shareholders to approve certain changes, such as a merger.

 
 Embedded terms in definition
 Merger
Shareholders

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

The worst bankruptcy in the world is the person who has lost his enthusiasm. - H. W. Arnold

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