Definitions for "Ordinary resolution"
If a resolution can be passed at a meeting by more than half of those voting agreeing to the resolution, it is an ordinary resolution.
a resolution passed by a majority in value of the creditors present personally, by telephone, by attorney or by proxy at a meeting of creditors and voting on the resolution.
An Ordinary Resolution is used for all matters unless the Companies Act or the company's articles of association require another type of resolution.· The Ordinary Resolution is passed by a majority vote of members at a meeting.