Table of Contents
Proxy meaning and synonyms from the book, 601 Words You Need to Know to Pass Your Exam, with illustrations and used in real context. Improve your reading and listening comprehension with the word, proxy, in authentic context.
/ˈprɒk.si/ (noun)
Proxy meaning
the authority given to someone to act as another person’s representative for example by voting for them, deputy, representative, substitute, agent, delegate, understudy, authorized capacity of substitute, stand-in, surrogate
Example
In corporate law, a proxy is the authority to vote stock. This authority is generally provided by the charter and bylaws of a corporation or by a state statute. If authority is not provided, a stockholder cannot vote by proxy. The record owner of the stock whose name is registered on the corporate books is the only individual who can delegate the right to vote. In the absence of an express requirement, no particular form is necessary for a proxy. It must, however, be evidenced by a sufficient written grant of authority. A proxy is not invalid if minor errors or omissions appear on the document.
Source of example: https://legal-dictionary.thefreedictionary.com/
