RIGHTS ISSUE
\ɹˈa͡ɪts ˈɪʃuː], \ɹˈaɪts ˈɪʃuː], \ɹ_ˈaɪ_t_s ˈɪ_ʃ_uː]\
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an offering of common stock to existing shareholders who hold subscription rights or pre-emptive rights that entitle them to buy newly issued shares at a discount from the price at which they will be offered to the public later; "the investment banker who handles a rights offereing usually agrees to buy any shares not bought by shareholders"
By Princeton University
Word of the day
tinctura quininae ammoniata
- A preparation made by dissolving quinin sulphate in alcohol [Br. Ph.].