adjective
- not having or exercising the right to vote
- relating to shares of stock that do not carry voting rights
Usage: finance
Examples
- Nonvoting residents cannot participate in local elections.
- The company issued nonvoting preferred shares to investors.
- Nonvoting members of the board can attend meetings but cannot vote on decisions.
- Many felons remain nonvoting citizens even after serving their sentences.
- The nonvoting stock pays higher dividends than common shares.
- Nonvoting shareholders still receive annual reports and dividend payments.