(redirected from Rightless)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.


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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
What, Arendt asks, does the loss of human rights suffered by "the rightless" mean?
My argument focuses on the ways in which American prison conditions, contrary to European conditions, imply that offenders are devalued and therefore rightless. Whitman's argument focuses on the ways in which American prison conditions, contrary to European conditions, degrade offenders and therefore illustrate their position at the bottom of the social hierarchy.
calamity of the rightless," Arendt observes in a much-quoted
(224) 'The number of rightless people grow even as human rights norms and standards proliferate.' (225)
Scholars disagree about where members of the imperial Russian polity stood between the opposing ideal types of the rights-bearing "citizen" and the rightless "autocratic subject," particularly in their assessments of the post- 905 order.
Today, her words strike a powerful chord as we consider the circumstances of those people whose states hardly ever existed, failing even before they formed: The calamity of the rightless is not that they are deprived of life, liberty, and the pursuit of happiness, or of equality before the law and freedom of opinion--formulas which were designed to solve problems within given communities--but that they no longer belong to any community whatsoever....
(90) She writes: No paradox of contemporary politics is filled with a more poignant irony than the discrepancy between the efforts of well-meaning idealists who stubbornly insist on regarding as "inalienable" those human rights, which are enjoyed only by citizens of the most prosperous and civilized countries, and the situation of the rightless themselves.
In Capital, to cite one authoritative source, a philosopher named Karl Marx characterized workers as a group of people made "free and rightless." In a sense, First Peoples -- particularly those in northern, rural circumstances -- have not yet been dispossessed of their rights.
In an early editorial, Sivanandan warned that international monopoly capital would lead to `a more repressive international order' as the state showed a new willingness to intervene on behalf of capital and move against `those rightless sections' of the working class `defined as migrant or foreign'.[18] The new economic and political developments that enabled capital to `discriminate in order to exploit' highlighted the `common denominators of struggle between the various sections of the working class, between the oppressed and the exploited, between race and class'.
Only saints or heroes, Melden reminds us, maintain their dignity in the face of the oppression and adversity likely to be faced by rightless persons.
Salves were effectively rightless, powerless and neutered.
On the contrary, like virtually all other events of our century, the solution of the Jewish question merely produced a new category of refugees, the Arabs, thereby increasing the number of stateless and rightless by another 700,000 to 800,000 people.