Renounceable Right(redirected from renounceable)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to renounceable: Renounceable Rights
A right attached to a security that one may buy or sell separately from that security. The right is usually the ability to buy more shares in a publicly-traded company at a discount, especially after a new issue of stock that would otherwise dilute the stockholder's holding. If one sells a renounceable right, its buyer receives this ability. It differentiates from a nonrenounceable right, which always must remain attached to the security with which it was originally issued.