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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
1850-1855
First recorded in 1850-55
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for preemptive right
Historical Examples
  • Staggered by this preemptive right, sacred to all miners, Cass stopped.

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