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

Fossil — and by proxy, the Snapdragon 3100 — has not advanced Wear OS at all, leaving it far behind Apple and even Samsung. Stefan Etienne, The Verge, "Fossil Sport Smartwatch review: new watch, same old tricks," 20 Nov. 2018 The lowest round-trip flights are out of San Diego ($694 to Brisbane), but there are under-$800 fares from Las Vegas, Los Angeles, Phoenix, and Vancouver (and Seattle, by proxy) to Adelaide, Brisbane, Melbourne, and Sydney. Meredith Carey, Condé Nast Traveler, "Flight Deal: U.S. to Australia from $694 Round-Trip," 2 Aug. 2018 They’re sent to the broader group of shareholders in proxy statements ahead of a company’s annual meeting. Emily Stewart, Vox, "Mark Zuckerberg is essentially untouchable at Facebook," 21 Nov. 2018 This is rather notable, because many microbiome studies rely on fecal samples as a proxy for microbiome residents. Beth Mole, Ars Technica, "Probiotics: If you don’t just poop them out, they may muck up your guts," 8 Sep. 2018 Many of the papers talk about experiments that were done on mice, which are used as a proxy for humans. Gary Robbins, latimes.com, "With marijuana legal, California flooded with dubious health claims about the drug," 9 July 2018 As with so many detective series, the Dragon Tattoo books seem to be a study in every kind of woman the detective, as proxy for the writer, could possibly be attracted to. Alice Bolin, Longreads, "The Daughter as Detective," 26 June 2018 Jordan, who is laying the groundwork to run as the next Republican leader in the House, is often seen as a proxy for at least 30 or so hard-right members of the Freedom Caucus. Philip Elliott, Time, "Republicans in Congress Search for an Immigration Bill to End Border Crisis," 20 June 2018 After fighting with each other through much of 2017, usually by proxy, the couple divorced in October of that year. Sean Elder, Town & Country, "The War of The Grosses: Inside the Bitter Divorce Battle of the Laguna Beach "Bond King"," 22 Oct. 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

10 Dec 2018

Look-up Popularity

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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