dead-hand provision
C2CEFR level
95/100Rarity: very rare
TechnicalRegister
Law noun
A poison-pill feature that only the incumbent directors who adopted it may redeem.
The dead-hand provision would have frozen the proxy contest, since a freshly elected board could not have pulled the pill, so the court struck it down.
Business noun
A takeover defence that only the directors who enacted it are able to redeem.
The dead hand provision meant even a newly elected board couldn't dismantle the pill, which the court found offensive.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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