preemption 3
noundomain: property
Princeton WordNet [ver.3.1]
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EnglishDefinition
the right to purchase something in advance of others
Hypernym
right 1
noun
an abstract idea of that which is due to a person or governmental body by law or tradition or nature
EnglishDerivationally related form
preempt 1
verb
acquire for oneself before others can do so
Hyponym
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
the right of a shareholder in a company to subscribe to shares of a new issue of common stock before it is offered to the public
