preemptive right


noun
  1. a privilege given to an existing shareholder to buy a portion of a new stock issue at the offering price on a pro-rata per-share basis.

Origin of preemptive right

1
First recorded in 1850–55

Words Nearby preemptive right

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use preemptive right in a sentence

  • Staggered by this preemptive right, sacred to all miners, Cass stopped.