Lobby

AAA

DEFINITION of 'Lobby'

A group of like-minded people banded together to influence an authoritative body, or the act of trying to exert that influence, (i.e., lobbying). A lobby is typically formed to influence government officials to act in a way beneficial to the lobby's best interests - either through favorable legislation or by blocking unfavorable measures. Lobby groups consist of individuals, groups and companies and can be found across the globe. Because of the negative effect lobbies can have by essentially circumventing the democratic process, some countries have seen fit to regulate their activities.

INVESTOPEDIA EXPLAINS 'Lobby'

Although lobbies have received a bad name, they have also been instrumental in protecting or advancing human rights. In the 1950s, for example, the National Association for the Advancement of Colored People (NAACP) filed lawsuits in state and federal courts challenging existing segregation laws. As a result of these suits, the Supreme Court eventually declared such laws unconstitutional.

RELATED TERMS
  1. Corporate Action

    Any event that brings material change to a company and affects ...
  2. Industry

    A classification that refers to a group of companies that are ...
  3. Formal Tax Legislation

    The process by which a proposed tax rule or tax change may become ...
  4. Legislative Overkill

    A law enacted to stop or prevent the abuse of a loophole, but ...
  5. Industry Group

    A classification method for individual stocks or companies, usually ...
Related Articles
  1. A Look At National Debt And Government ...
    Bonds & Fixed Income

    A Look At National Debt And Government ...

  2. Austerity: When The Government Tightens ...
    Economics

    Austerity: When The Government Tightens ...

  3. How Governments Influence Markets
    Economics

    How Governments Influence Markets

  4. Government Regulations: Do They Help ...
    Entrepreneurship

    Government Regulations: Do They Help ...

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center