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