subscription right

subscription right. A certificate evidencing a shareholder’s right (known as a preemptive right) to purchase newly issued stock before the stock is offered to the public. • Subscription rights have a market value and are actively traded because they allow the holder to purchase stock at favorable prices. — Also termed stock right. See PREEMPTIVE RIGHT. [Cases: Corporations 78, 158. C.J.S. Corporations §§ 133–137, 188, 192.]

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词条贡献者

译员黎川，在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译，擅长翻译涉及工业与制造业领域的法律文件。