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Glossary Term: RIGHT

Definition(s) for RIGHT:


1. ) refers to a privilege granted to shareholders of a corporation that allows existing shareholders of a corporation to subscribe to shares of a new issue of common stock before that stock is offered to the public. Such a right, which normally has a life of two to four weeks. It is freely transferable and entitles the holder to buy the new common stock below the public offering price.


See Also:
CONTRACT RIGHT, CO-SALE RIGHT, RIGHT OF FIRST REFUSAL, TAG-ALONG RIGHT, JOINT TENANTS WITH RIGHT OF SURVIVORSHIP, PREEMPTIVE RIGHT, RIGHT OF REDEMPTION


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