PREEMPTIVE RIGHT
\pɹiːˈɛmptɪv ɹˈa͡ɪt], \pɹiːˈɛmptɪv ɹˈaɪt], \p_ɹ_iː__ˈɛ_m_p_t_ɪ_v ɹ_ˈaɪ_t]\
Definitions of PREEMPTIVE RIGHT
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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
By Princeton University
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).