MINORITY DISCOUNT
\ma͡ɪnˈɒɹɪti dˈɪska͡ʊnt], \maɪnˈɒɹɪti dˈɪskaʊnt], \m_aɪ_n_ˈɒ_ɹ_ɪ_t_i d_ˈɪ_s_k_aʊ_n_t]\
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Because a non-owner or minority owner cannot maintain or otherwise engage in the business' operations, this specific type of discount is received by shareholders, company owners of less that 50% ownership, and other non-controlling interests in the assets of a small business.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).