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.
Origin of preemptive right
First recorded in 1850–55
Words nearby preemptive right
preemphasis,
preemployment,
preempt,
preemption,
preemptive,
preemptive right,
preemptive strike,
preen,
preen gland,
preengage,
preengineered