proxy

noun
\ ˈpräk-sē \
plural proxies

Definition of proxy

1 : the agency, function, or office of a deputy who acts as a substitute for another
2a : authority or power to act for another
b : a document giving such authority specifically : a power of attorney authorizing a specified person to vote corporate stock
3 : a person authorized to act for another : procurator

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Other Words from proxy

proxy adjective

Proxies and Proxy Servers

Proxy comes from a contracted form of the Middle English word procuracie (meaning “procuration”). A proxy may refer to a person who is authorized to act for another or it may designate the function or authority of serving in another’s stead. In the latter sense, it generally is preceded by the word by (“vote by proxy”).

Proxy has recently taken on meanings in computing, where it is found in such phrases as proxy server, a computer system that facilitates the exchange of data between users on a network.

Examples of proxy in a Sentence

Since I wouldn't be available to vote, I nominated him to act as my proxy. sent a proxy to the meeting to cast his vote for him

Recent Examples on the Web

Iranian proxy militias could also decide to attack American troops in Iraq if talks fall apart. Zack Beauchamp, Vox, "Trump’s tweet to Iran threatens a war that would in all likelihood be absolutely catastrophic.," 23 July 2018 Those same world powers trying to negotiate a peaceful outcome in Idlib have been using Syria as a proxy battleground for years. Angela Charlton, The Seattle Times, "Syria: Everyone else’s battleground, in both war and peace," 25 Sep. 2018 Over the course of the decades-long fight, often carried out in hot proxy wars around the globe, millions of people died, tens of thousands of them Americans. James Stavridis, Time, "Democracy Isn't Perfect, But It Will Still Prevail," 12 July 2018 For the last six years the battle for control of Yemen has turned into a regional proxy war. Margaret Coker, New York Times, "In Yemen, a Pause in Fighting Raises Hopes for Peace Talks," 1 July 2018 In the 2017 proxy war, Peltz fought back by incorporating repeal language in the campaign. Alexander Coolidge, Cincinnati.com, "Kroger moves to block activist shareholders. The goal: avoid what Nelson Peltz is doing to P&G and GE," 27 June 2018 Two influential proxy advisors had opposed the re-elections, but in the end, Tesla said both measures failed by a wide margin. Kevin Kelleher, Fortune, "6 Things We Just Learned from Tesla's Shareholder Meeting," 6 June 2018 Through its proxy wars and investments in other players, Uber and Didi are taking each other on in some form or another in nearly every country. Johana Bhuiyan, Recode, "Here’s how Uber compares against Didi around the world," 5 June 2018 While the Cold War had seen carriers play an important role in proxy wars like Vietnam, their main job was to counter Russia by projecting superior American airpower against the Soviet Navy and land targets within the Communist Bloc. Matthew Moss, Popular Mechanics, "How the American Aircraft Carrier Became King of the Seas," 22 May 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'proxy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of proxy

15th century, in the meaning defined at sense 1

History and Etymology for proxy

Middle English proxi, procucie, contraction of procuracie, from Anglo-French, from Medieval Latin procuratia, alteration of Latin procuratio procuration

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Statistics for proxy

Last Updated

19 Feb 2019

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Time Traveler for proxy

The first known use of proxy was in the 15th century

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More Definitions for proxy

proxy

noun

Financial Definition of proxy

What It Is

A proxy is the common name for the Securities and Exchange Commission (SEC) Form 14-A (the "proxy statement"), which is the document containing the voting ballot and material information related to the propositions to be determined.

How It Works

The definition of proxy on InvestingAnswersShareholders in corporations have the right to vote on matters such as electing directors, selecting an auditor, approving a merger, or selling the company. The SEC requires public companies to file proxy statements prior to the companies' annual shareholder meetings; the objective is to inform shareholders of the meeting, what matters are up for a vote, and instructions for voting. The proxy statement contains background information so that shareholders can make informed voting decisions. Proxy statements often reveal the relationships between board members and management (i.e., family ties, prior professional relationships, etc.)

Shareholders can vote by mailing their ballots; they don't have to attend the company's annual meeting or vote in person. In many cases, shareholders don't actually receive a proxy statement in the mail if they own shares indirectly, as is the case with mutual funds (in that situation, shareholders own shares of the mutual fund rather than shares of the underlying assets).

Investors who hold shares in street name (that is, the shares are registered to the investor's brokerage firm rather than in his or her own name) might also not receive proxies. In these cases, the fund manager or brokerage firm is the actual shareholder in the eyes of the company, and they receive the proxy statement and can vote the shares. These representatives are responsible for voting the shares in the best interest of their investors, and in many cases, a mutual fund is a sizeable shareholder--its vote may have a significant impact on the company.

Why It Matters

One of the most basic rights of shareholders is the right to vote. The proxy and the voting process it is associated with are manifestations of this most fundamental right. Shareholders are the owners of a company, and they can use their votes to influence a company, sometimes against management's wishes. These are called callable preferred stock fights.

One type of information that is often of particular interest is management compensation data. Companies must disclose how much particular executives are making and how those executives are compensated. For example, a proxy may disclose that a CEO is bonused a certain amount when the company achieves a certain percentage of customer growth; this is helpful to shareholders because it might explain why the CEO is focused on advertising campaigns rather than infrastructure or product development.

Source: Investing Answers

proxy

noun

English Language Learners Definition of proxy

: a person who is given the power or authority to do something (such as to vote) for someone else
: power or authority that is given to allow a person to act for someone else

proxy

noun
\ ˈpräk-sē \
plural proxies

Kids Definition of proxy

1 : authority to act for another or a paper giving such authority
2 : a person with authority to act for another

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proxy

noun
\ ˈpräk-sē \
plural proxies

Legal Definition of proxy

1 : the act or practice of a person serving as an authorized agent or substitute for another used especially in the phrase by proxy
2a : authority or power to act for another
b : a statement or document giving such authorization specifically : an oral consent or written document (as a power of attorney) given by a stockholder to a specified person or persons to vote corporate stock
3a : a person authorized to act or make decisions for another appointed a health-care proxy
b : something serving to replace or substitute for another thing

History and Etymology for proxy

Middle English procucie, contraction of procuracie, from Anglo-French, from Medieval Latin procuratia, alteration of Latin procuratio appointment of another as one's agent

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More from Merriam-Webster on proxy

Rhyming Dictionary: Words that rhyme with proxy

Thesaurus: All synonyms and antonyms for proxy

Spanish Central: Translation of proxy

Nglish: Translation of proxy for Spanish Speakers

Britannica English: Translation of proxy for Arabic Speakers

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