Words / M / Law

matching right

noun

C2CEFR level
85/100Rarity: very rare
TechnicalRegister

A first bidder's contractual entitlement to meet the terms of any superior offer before the target may accept it.

The incumbent's matching right meant every time we raised, they simply re-topped us, and the auction quietly died.

Similar: last-look right

Topic: Corporate law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law