Ordinary Resolution: Canada Debt .ca defines Ordinary Resolution

Bankruptcy Term Ordinary Resolution

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Canada Debt has the definition to the bankruptcy and debt term Ordinary Resolution. Finding answers to terms such as Ordinary Resolution can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Ordinary Resolution in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Ordinary Resolution' is used as follows:

A resolution carried by the majority of votes (one vote for each dollar of debt) of claims of creditors at a meeting of creditors; disallowed claims do not have votes.