preemption

or pre-emp·tion

[ pree-emp-shuh n ]
/ priˈɛmp ʃən /

noun

the act or right of claiming or purchasing before or in preference to others.

Origin of preemption

1595–1605; < Medieval Latin praeëmpt(us) bought beforehand (past participle of praeëmere) + -ion. See pre-, emptor

Example sentences from the Web for preemption