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A proxy server acts as a gateway between you and the internet. Its an intermediary server separating end users from the websites they browse. Proxy servers provide varying levels of functionality, security, and privacy depending on your use case, needs, or company policy.
The proxy is the official notice to shareholders of proposals that will be voted on at the annual meeting. These proposals can include the election of company directors, executive compensation plans and changes to the companys bylaws.
A proxy, or alias, identifies recipients and their payment accounts using a simple unique alternative for payment services such as person-to-person (P2P) money transfers, merchant payments, cash deposits, and cash withdrawals.
Proxies make payments simpler by doing away with the need to know beneficiary bank details all you need is their mobile number or email address. QR codes for paying businesses are another example of proxies - you dont need to know bank details, just scan the code and the payment will reach its destination.
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A proxy in investing is someone legally authorized to vote on behalf of parties who arent present at formal shareholder meetings. Proxy votes by shareholders can be important in the approval of major initiatives such as mergers and acquisitions or the election of new board members to oversee a publicly traded company.
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