Right

(redirected from righteousness)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

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 periodicals archive ?
Whatever Luke Bryan means by his song I don't think he meant that either, for he never mentions Christ and His righteousness.
Let Christmas 2015 inspire people of the world, particularly the followers of Jesus, to rediscover the message of Jesus that has been buried under the debris of ritualism, legalism, dogmatism and live his message through their sensitivity, compassion, care for the environment and respect and appreciation for diversity in order to restore righteousness.
Thereby Luther distinguishes two contrasting forms of righteousness. In God's right hand spiritual strategy, the only righteousness that matters is the alien righteousness that belongs to the sinner through justification by grace alone through faith alone in Christ Jesus.
“The first four episodes of the Wrath & Righteousness series have been bestsellers for us all year.
Righteousness leads to God-consciousness which endows the person (the Muttaqi) to become aware of the presence of Allah (God) in every moment of his/her life.
"Despite all the obstacles the US administration created to prevent your contact with the media, thinking groups, scholars and church leaders, your presence in the US was a great success," he reiterated, adding, "Americans and the world people heard your words at Columbia University and endorsed the righteousness of your statements."
His topics include justice and righteousness as ancient Near Eastern ethical ideal and hermeneutical constructs, redefining the court history according to the passage, reading it as the beginnings and corruption of justice and righteousness, the perversion of justice and righteousness in the Absalom affair, and the death of justice and righteousness with David's return and Sheba's secession.
Judaism is often described as a religion of justice and righteousness and the Hebrew terms tzedek or tzedakah, and mishpat (the legal process or judgment) are the most commonly used words to describe those ideals.
"Where there is righteousness in the heart, there is beauty in the character ..harmony in home&.order in the nation& peace in the world".
We are informed that these were written: "That men may know wisdom and instruction, understand words of insight, receive instruction in wise dealing, righteousness, justice and equity; that prudence may be given to the simple, knowledge and discretion to the youth.
Now, "strive first for the kingdom of God and his righteousness ..." (33) There's the call to care about the right things.
We then read, And he believed in the Lord; and he counted it to him for righteousness (Gen.