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Rights

   Also found in: Dictionary/thesaurus, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Rights
A security giving stockholders entitlement to purchase new shares issued by the corporation at a predetermined price (normally less than the current market price) in proportion to the number of shares already owned. Rights are issued only for a short period of time, after which they expire.

Notes:
This also known as "subscription rights" or "share purchase rights".


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