Dictionary
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| pre·emp·tive right (plural pre·emp·tive rights) |
noun |
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| Definition: |
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right of first refusal: a right to be offered first refusal in selling or buying an asset
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| Encarta® World English Dictionary [North American Edition] © & (P)2007 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc. |
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