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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Nearby words
- preemphasis,
- preemployment,
- preempt,
- preemption,
- preemptive,
- preemptive strike,
- preemptor,
- preemptory,
- preen,
- preen gland
Origin of preemptive right
First recorded in 1850–55
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019