elect

adj. chosen for office but not yet formally installed

v. choose, vote for; prefer, decide

An election is a decision making process where people choose people to hold official offices. This is the usual mechanism by which modern democracy fills offices in the legislature, sometimes in the executive and judiciary, and for regional and local government. This is also typically the case in a wide range of other private and business organizations, from clubs to voluntary associations and corporations. However, as Montesquieu points out in Book II, Chapter 2 of "The Spirit of Laws," in the case of elections in either a republic or a democracy, voters alternate between being the rulers of the country as well as being the subjects of the government, with the act of voting being the sovereign (or ruling) capacity, in which the people act as "masters" selecting their government "servants." Rather, the unique characteristics of democracies and republics is the recognition that the only legitimate source of power for government "of the people, by the people, and for the people" is the consent of the governed -- the people themselves.
See more at Wikipedia.org...

Noun
1. an exclusive group of people; "one of the elect who have power inside the government"
(synonym) chosen
(hypernym) elite, elite group
Verb
1. select by a vote for an office or membership; "We elected him chairman of the board"
(hypernym) choose, take, select, pick out
(hyponym) co-opt
(derivation) election
2. choose; "I elected to have my funds deposited automatically"
(hypernym) choose, take, select, pick out
Adjective
1. selected as the best; "an elect circle of artists"; "elite colleges"
(synonym) elite
(similar) selected
2. elected but not yet installed in office; "the president elect"
(synonym) elect(ip)
(similar) incoming

(v. t.)
To select or take for an office; to select by vote; as, to elect a representative, a president, or a governor.
  

(v. t.)
To pick out; to select; to choose.
  

(v. t.)
To designate, choose, or select, as an object of mercy or favor.
  

(n.)
Those who are chosen for salvation.
  

(n.)
One chosen or set apart.
  

(a.)
Chosen; taken by preference from among two or more.
  

(a.)
Chosen to an office, but not yet actually inducted into it; as, bishop elect; governor or mayor elect.
  

(a.)
Chosen as the object of mercy or divine favor; set apart to eternal life.
  

The conversion of a conditional order into a market order.