preemptive right

/priˌɛm(p)tɪv raɪt/
IPA guide

Definitions of preemptive right
  1. noun
    the right granting to shareholders the first opportunity to buy a new issue of stock; provides protection against dilution of the shareholder's ownership interest
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    type of:
    pre-emption, preemption
    the right to purchase something in advance of others
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