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.
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Origin of preemptive right
First recorded in 1850–55
Words nearby preemptive right
preemployment, preempt, preemption, preemptive, preemptively, preemptive right, preemptive strike, preen, preengage, preengineered, preen gland
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020