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.
Trust preferred securities have an additional advantage over other types of hybrid securities (such as similar types of debt issued directly to investors without the intervening trust), which is that if they are issued by a bank holding company, they will be treated as capital (equity/own funds) rather than as debt for regulatory purposes.