pre-emption rights
B2CEFR level
60/100Rarity: rare
TechnicalRegister
The statutory or contractual right of existing shareholders to be offered new shares before they are sold to outsiders.
The company disapplied pre-emption rights so that the new investor could subscribe directly.
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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