unit rule

unit rule.

1. Securities. A method of valuing securities by multiplying the total number of shares held by the sale price of one share sold on a licensed stock exchange, ignoring all other facts about value.

2. Parliamentary law. A convention’s rule that lets a delegation’s majority cast the entire delegation’s votes. Cf. instructed delegate under DELEGATE.

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词条贡献者

双语律师Virginia，国内知名法学院民商法专业，擅长翻译各类与公司与并购相关的法律文件。