Right

(redirected from straight off)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
Related to straight off: straight off the bat

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.
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

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
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.

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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in classic literature ?
But the partic'larest thing of all is, as nobody took any notice on it but me, and they answered straight off "yes", like as if it had been me saying "Amen" i' the right place, without listening to what went before."
I resolved on a desperate measure: to borrow fifteen roubles straight off from Anton Antonitch.
The campaign urges parents and carers to turn straighteners straight off, and put them straight away.
Pacquiao responds with a right uppercut and a right straight off a 1-2 combination.
WITH a good sprucing up this striking row of homes could look like they're straight off the Mary Poppins film set.
It has sweet fruit with few hairs, so can be eaten straight off the plant.
WHEN I think about the early years Love was in the air That first time I saw you The sunlight caught your hair That auburn glow breathtaking Your face a portrait of beauty Straight off the silver screen I was stopped in my tracks By this girl I had just seen Then you were lost Swallowed up by the crowd You were always on my mind Since that first day Would I ever see you again?
After waiting eight games to taste victory last season Brechin boss Darren Dods was savouring getting straight off the mark against Stenny.
Where he hit it miles and straight off the tee, I was like Robin Hood.
Nap of the week Alphabetical Order has already won two Flat turf handicaps this year since joining David O'Meara and did particularly well to score over 1m4f at Doncaster last time after being poorly placed in rear at the top of the home straight off a pedestrian gallop.