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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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Word History and Origins
Origin of preemptive right1
First recorded in 1850–55
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Example Sentences
Every such settler also acquired a preemptive right to purchase a thousand acres adjoining, at the regulation State price, which was forty pounds, paper money, or forty dollars in specie, for every hundred acres.
From Project Gutenberg
The preemptive right to their reservations was sold by the Holland Land Company, to Colonel Aaron Ogden and others, who were known as the Ogden Company.
From Project Gutenberg
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