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.
Explain the following statement. Preferred stock is a hybrid security. Preferred stock is a hybrid security because it is similar to a bond in some respects and to common stock in others. Like bonds, preferred stock has a par value and a fix dividend that must be paid before dividends can be paid on the common stock.