Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
preemption | Yes | No | No | No |
preemptive right | Yes | No | No | No |
preemption (noun) | preemptive right (noun) |
---|---|
a prior appropriation of something | the right granting to shareholders the first opportunity to buy a new issue of stock; provides protection against dilution of the shareholder's ownership interest |
the right to purchase something in advance of others | |
the right of a government to seize or appropriate something (as property) | |
the judicial principle asserting the supremacy of federal over state legislation on the same subject |