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.]

---

词条贡献者

法律翻译Jenny，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与重组与破产有关的法律文件。