Dictionary Search: "minority" - Pakistan Law Portal

majority-minority district

A voting district in which a racial or ethnic minority group makes up a majority of the voting citizens. Cf. INFLUENCE DISTRICT.

minority

1. The state or condition of being under legal age. - Also termed infancy; nonage. Cf. MAJORITY (1). 2. A group having fewer than a controlling number of votes. Cf. MAJORITY (2). 3. A group that is different in some respect (such as race or religious belief) from the majority and that is sometimes treated differently as a result; a member of such a group. ( Some courts have held that the term minority, in this sense, is not limited to a group that is outnumbered. It may also be applied to a group that has been traditionally discriminated against or socially suppressed, even if its members are in the numerical majority in an area.

minority discount

A reduction in the value of a closely held business's shares that are owned by someone who has only a minority interest in the business. ( The concept underlying a minority discount is recognition that controlling shares - those owned by someone who can control the business - are worth more in the market than noncontrolling shares. But when dissenting shareholders object to a corporate act, such as a merger, and become entitled to have their shares appraised and bought by the corporation, many courts hold that incorporating a minority discount into the valuation of the dissenters' shares is inequitable and is not permitted. See APPRAISAL REMEDY.

minority opinion

See dissenting opinion under OPINION (1).

minority opinion.

See dissenting opinion.

minority shareholder

A shareholder who owns less than half the total shares outstanding and thus cannot control the corporation's management or singlehandedly elect directors. shareholder-control agreement See POOLING AGREEMENT.