Freebase(0.00 / 0 votes)Rate this definition: Gorget. A gorget was originally a band of linen wrapped around a woman's neck and head in the medieval period. The term subsequently described a steel or leather collar designed to protect the throat.
Voting Security Legal Definition. According to USLegal.com, a voting security is entitles the holder or holders thereof to cast such specified percentage of the aggregate votes which the holders of all the outstanding voting securities of such person are entitled to cast in the direction or management of the affairs of such person.
A bond or preferred stock that may be exchanged for common stock in the company issuing the convertible at a certain ratio and/or a certain price. A convertible security gives the holder a great deal of flexibility. It reduces risk by guaranteeing a coupon payment or dividend while also allowing the holder to take advantage of a potential, larger return through the ability to convert the security. See also: Convertible option.