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.
What is a 'Preferred Stock' A preferred stock is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred shares generally have a dividend that must be paid out before dividends to common shareholders, and the shares usually do not carry voting rights. Preferred stock combines features of debt, in that it pays fixed dividends, and equity, in that it has the potential to appreciate in price. The details of each preferred stock depend on the issue.