Transferable Ballot

This is an explanation of the way that the candidate will be chosen in the Comox Valley BC Liberal race. It should be exciting as there are apparently now 600 members in the riding. There were just over 100 that showed to vote at the NDPs candidate selection meeting...

Wikipedia: The contingent vote is an electoral system used to elect a single winner, in which the voter ranks the candidates in order of preference. In an election, if no candidate receives an absolute majority of first preference votes, then all but the two leading candidates are eliminated and there is a second count. In the second count the votes of those who supported eliminated candidates are distributed among the two remaining candidates,(that is, their 2nd or 3rd choices) so that one candidate achieves an absolute majority.

I believe that the BC Liberals eliminate the bottom one and go from there. This description is the closest that I have found to match with what I've been able to glean at various meetings.