preemptive right
noun
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
1First 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.
Found At Blazing Star | Bret Harte
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