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DEFINITION of 'Non-Controlling Interest'. An ownership stake in a corporation where the held position gives the investor no influence on how the company is run. The majority of investor positions are deemed to be a non-controlling interest because their ownership stake is so insignificant relative to the total number of outstanding shares.
Severability of Interest. This is a clause that is often found under the Condition section of a policy. The clause provides that insurance provided in the policy will apply separately to each insured on the policy. Looking for a definition that's not in our Insurance Glossary list? Click here to request a new definition.