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Supermajority
| Глоссарий экономических терминов |
Provision in a company`s charter requiring a majority of, say, 80% of shareholders to approve certain changes, such as a merger.
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Shareholders, английский
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Escalator clause, английский
- Provision in a contract allowing cost increases to be passed on. in an employment contract, for example an escalator clause may call for wage increases in line with inflation.
- The clause in a contract permitting adjustments of the payments.
Unfunded pension plan, английский
Provides for the employer to pay out amounts to retirees or beneficiaries as and when they are needed. there is no money put aside on a regular basis. instead, it is taken out of current income.
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