from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The right of a company's existing stockholders to purchase enough shares to maintain their overall ownership percentage in the event of a new stock issue.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun law The right of
shareholdersto maintain a constant percentage of a company's shares by receiving a proportionate fraction of any new shares issued, thus preemptingany dilution
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun 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
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