
[Middle English proccy, contraction of earlier procracie, annual payment to a prelate, from Anglo-Norman procuracie, from Medieval Latin prōcūrātia, alteration of Latin prōcūrātiō, from prōcūrātus, past participle of prōcūrāre, to take care of. See procure.]
Also called a "proxy," it is a computer system or router that breaks the connection between sender and receiver. Functioning as a relay between client and server, proxy servers help prevent an attacker from invading a private network and are one of several tools used to build a firewall.
The word proxy means "to act on behalf of another," and a proxy server acts on behalf of the user. All requests from clients to the Internet go to the proxy server first. The proxy evaluates the request, and if allowed, re-establishes it on the outbound side to the Internet. Likewise, responses from the Internet go to the proxy server to be evaluated. The proxy then relays the message to the client. Both client and server think they are communicating with one another, but, in fact, are dealing only with the proxy.
Address Translation and Caching
The proxy server is a dual-homed host with two network interfaces and two IP addresses. The IP address on the outbound side of the proxy is the one the Internet sees, and the address of the machine making the request is hidden to the outside world. Proxies are often used in conjunction with network address translation (NAT), which hides all the IP addresses of the client machines on the internal network. Proxy servers may also cache Web pages, so that the next request for that same page can be obtained much faster locally. See NAT and proxy cache.
Other Proxies
Anonymous proxy servers let users surf the Web and keep their IP address private (see anonymous proxy). Although not specifically called a proxy, Internet e-mail (SMTP) is a similar concept because it forwards mail. Messages are not sent directly from client to client without going through the mail server. Likewise, the Internet's Usenet news system (NNTP) forwards messages to neighboring servers. See firewall.
Application Level and Circuit Level
Proxy servers are available for common Internet services; for example, an HTTP proxy is used for Web access; an FTP proxy is used for file transfers. Such proxies are called "application-level" proxies or "application-level gateways," because they are dedicated to a particular application and protocol and are aware of the content of the packets being sent. A generic proxy, called a "circuit-level" proxy, supports multiple applications. For example, SOCKS is IP-based circuit-level proxy server software that supports TCP and UDP applications (see SOCKS).
Forward and Reverse Proxies
In this definition, the proxy servers are used to hide the details of the clients from the servers and are thus known as "forward proxies." However, they can also reside at the Web site to hide the details of the servers from the clients (see reverse proxy).
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| Protected Class, Prospectus | |
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| Provision, Protocol, Prospectus | |
| Proxy Fights, Prudent Investment, Public Accountant (PA) |
A representative; an agent; a document appointing a representative.
A proxy is a person who is designated by another to represent that individual at a meet
ing or before a public body. It also refers to the written authorization allowing one person to act on behalf of another.
In corporate law, a proxy is the authority to vote stock. This authority is generally provided by the charter and bylaws of a corporation or by a state statute. If authority is not provided, a stockholder cannot vote by proxy. The record owner of the stock whose name is registered on the corporate books is the only individual who can delegate the right to vote. In the absence of an express requirement, no particular form is necessary for a proxy. It must, however, be evidenced by a sufficient written grant of authority. A proxy is not invalid if minor errors or omissions appear on the document.
Generally any power that a stockholder possesses at a corporate meeting can be delegated to a proxy. An ordinary proxy can vote on regular corporate business, such as the amendment of the bylaws. The proxy is not authorized to vote, however, on extraordinary corporate business, such as a merger, unless given special authority to do so. When a proxy acts within the scope of her authority, under agency principles, the stockholder is bound as if she acted in person.
A proxy can be revoked at any time, unless it is coupled with an interest or made expressly irrevocable. The sale of a stockholder's shares automatically revokes any proxies previously given to vote those shares. A proxy can also be revoked when the stockholder gives a subsequent proxy or attends the meeting in person. A stockholder can act as a proxy for another shareholder, but it is not necessary for a proxy to be a stockholder.
A person authorized to act for another, or the written authorization to act for another.
1. An agent legally authorized to act on behalf of another party. Shareholders not attending a company's annual meeting may choose to vote their shares by proxy by allowing someone else to cast votes on their behalf.
2. A formal power of attorney document that may be signed by a shareholder to authorize another shareholder, a representative of the shareholder or the company's management, to vote on behalf of the shareholder at the annual meeting. Proxy statements must be filed with regulatory authorities (the Securities and Exchange Commission in the U.S.) on an annual basis prior to the company's annual meeting. Proxy documents are meant to provide shareholders with the information necessary to make informed votes on issues important to the company's performance. A proxy is known to offer shareholders and prospective investors tremendous insight into a company's governance as well as a glance at the way that a company's management operates.
Investopedia Says:
1. Management often encourages shareholders to vote by proxy so that ownership interests are fully represented even if shareholders are unable to attend the company's annual meetings in person.
2. The proxy discloses important information about issues to be discussed at an annual meeting, lists the qualifications of management and board members, serves as a ballot for elections to the board of directors, lists the largest shareholders of a company's stock and provides detailed information about executive compensation.
Related Links:
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How your fund votes on proxy issues will reveal whether it's acting in your best interest and according to your beliefs. What Does Your Mutual Fund Say About You?
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I selected a proxy to vote for me at the meeting because I was unable to attend.
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Dansk (Danish)
n. - fuldmagt, stedfortræder
Nederlands (Dutch)
volmacht, gevolmachtigde
Français (French)
n. - mandataire, (gén, Pol, Fin) procuration
Deutsch (German)
n. - Bevollmächtigter, Vollmacht
Ελληνική (Greek)
n. - πληρεξουσιότητα, πληρεξούσιο(ς), αντιπρόσωπος
Italiano (Italian)
mandatario, mandato
Português (Portuguese)
n. - procuração (f), representante
Русский (Russian)
доверенное лицо, доверенность, полномочие
Español (Spanish)
n. - apoderado, representante, poder, autorización
Svenska (Swedish)
n. - fullmakt, prokura, ställföreträdare, ombud
中文(简体)(Chinese (Simplified))
代理人, 取代物, 代理权, 代理委托书
中文(繁體)(Chinese (Traditional))
n. - 代理人, 取代物, 代理權, 代理委託書
日本語 (Japanese)
n. - 代理, 委任状, 代理人, 代理権
adj. - 代理の
العربيه (Arabic)
(الاسم) وكاله, نيابه, تفويض
עברית (Hebrew)
n. - שליח, נציג, בא-כוח, הרשאה, ייפוי כוח
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