1 A notable exception occurs when the first part of the compound adjective is an adverb that ends in-ly. 2  In this case, the compound remains open, even when it is followed by the noun.
Definition from Wiktionary, the free dictionary. ordinary resolution â(plural ordinary resolutions) ( 1 law) A resolution that requires a majority vote of members present at a general meeting of a company.  special resolution.
DEFINITION of 'Ordinary Shares'. Any shares that are not preferred shares and do not have any predetermined dividend amounts. An ordinary share represents equity ownership in a company and entitles the owner to a vote in matters put before shareholders in proportion to their percentage ownership in the company.EFINITION of 'Ordinary Shares'. Any shares that are not preferred shares and do not have any predetermined dividend amounts. An ordinary share represents equity ownership in a company and entitles the owner to a vote in matters put before shareholders in proportion to their percentage ownership in the company.