Glossary

V

• Voting right It is right given to the common stock shareholder to vote, in person or by proxy, for members of the board of directors and other matters of corporate policy, such as the issuance of senior securities, stock splits and substantial changes in operations in the annual general meeting.
• Vulture Fund It is a fund that takes over the Non Performing Assets (NPAs) of banks or financial institutions at a discount and issues pass-through certificates to the investors. This usually carries a low rate of returns.