preemptive right definition - Dictionary

Dictionary

	prefabricate

	preface

	prefaded

	prefatory

	prefect

	prefecture

	prefer

	preferable

	preferably

	preference

	preference shares

	preferential

	preferment

	preferred position

	preferred provider

	preferred provider organization

	preferred risk

pre·emp·tive right (plural pre·emp·tive rights)

noun

Definition:

right of first refusal: a right to be offered first refusal in selling or buying an asset