Right

(redirected from straight away)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
Related to straight away: right away

Right

Privilege granted shareholders of a corporation to subscribe to shares of a new issue of common stock before it is offered to the public. Such a right, which normally has a life of two to four weeks, is freely transferable and entitles the holder to buy the new common stock below the public offering price. See: Warrant.

Rights Offering

In stock, the ability of a shareholder to maintain the same percentage of ownership in a company should the company issue more stock by buying a proportional number of shares at or below the market price. This protects the investor from devaluation of his/her shares if the company decides to hold a round of financing. The purchase of this proportional number of shares usually takes place before the new issue is offered to the secondary market, and must be exercised before a certain date (known as the expiration date) if the shareholder is to maintain the same percentage of ownership. Rights offerings or issues are also called subscription rights or simply rights. See also: Anti-dilution provision.

right

A certificate that permits the owner to purchase a certain number of shares, or, frequently, a fractional share of new stock from the issuer at a specific price. Rights are issued to existing stockholders in proportion to the number of shares the stockholders already own. Rights then may be combined with cash to purchase the new shares or they may be sold to other investors. Rights usually have value because they permit the owner to purchase shares of stock at less than the market price. A right is indicated in stock transaction tables by the symbol rt, appearing after the stock's name. Also called stock right, subscription right. See also ex-rights, preemptive right.
Should rights be sold or used?

Rights offerings refer to the right of an investor to maintain his or her percentage ownership in a company when the company decides to issue new stock. Generally the company will do so at a discount to its market price to attract buyers, thus the existing stockholders' rights have value. The decision a rights holder must make is whether to put more money into the stock of this company or to sell the rights in the open market as compensation for the dilution of his or her percentage ownership in the company. TIP: Such a purchase depends completely on the individual's circumstances, goals, prejudices, and objectives—just as in any other stock purchase—and should be approached accordingly.

Thomas J. McAllister, CFP, McAllister Financial Planning, Carmel, IN

Right

The opportunity a corporation gives a shareholder to buy additional shares at a special price for a limited time. Shareholders who don't use their rights can sell them to other investors.
References in classic literature ?
If I were you, sir," I added, "I would ride straight away with it to Frizinghall before the ladies come back.
To-day however, Maggie thought her misery had reached a pitch at which gypsydom was her refuge, and she rose from her seat on the roots of the tree with the sense that this was a great crisis in her life; she would run straight away till she came to Dunlow Common, where there would certainly be gypsies; and cruel Tom, and the rest of her relations who found fault with her, should never see her any more.
I must say, again, I can't understand how you can expect anyone to tell you stories straight away, so," said Adelaida.
With that Jo marched straight away and the rest followed, a bright little band of sisters, all looking their best in summer suits, with happy faces under the jaunty hatbrims.
As for Godfrey, he was feeling so happy and oblivious under the long charm of the country-dance with Nancy, that he got rather bold on the strength of her confusion, and was capable of leading her straight away, without leave asked, into the adjoining small parlour, where the card-tables were set.
They mean to drag him along with them on board the ship straight away.
Why couldn't you come straight away to me in a cab?
If you was to lead me straight away to the scaffold, colonel, I could tell you no more than the truth.
He decided to go (for surgery) straight away," Wenger was quoted as saying by British media.
Police should move them straight away Zena Higgs The school, police and council have to follow the correct process.
The one thing with Morro is straight away the players really like him, he is a very likeable lad.
I was in the sea on Sunday night, straight away after we got home.