See Also: Quorum(money)
Quorum(finance)
quorum(dictionary)
quorum(dictionary)
QUORUM(law)
Quorum - Poker(gambling)
Quorum 98, SICAV, S.A.(finance)

quorum (iou)



quorum noun. LME.
[Latin, lit. 'of whom (we wish that you be one, two, etc.)' in the wording of commissions for members of bodies, committees, etc.]
Orig., certain (usu. eminent) justices of the peace whose presence was necessary to constitute a deciding body. Later gen., all justices collectively. LME.
b. transf. Distinguished or essential members of any body; a select company. L16.
A fixed minimum number of members whose presence is necessary to make the proceedings of an assembly, society, etc., valid. E17.