A short-lived (typically less than 90 days) call option for purchasing additional stock in a firm, issued by the firm to all its shareholders on a pro rata basis. The New York Times Financial Glossary

* * *

right right [raɪt] noun
1. [countable] if you have the right to do something, you are morally, legally, or officially allowed to do it:

• Like other businesses, we have a right to set competitive prices.

• Do regions such as Champagne have the exclusive right (= a right that only they have ) to the use of their names in wine labeling?

• New legislation is gradually taking away workers' rights.

• Your legal rights are the same when you buy mail order as when you buy from a shop.

inˌalienable ˈright [countable] LAW
a right that cannot be taken away from you:

• the inalienable right to own property

• People are being denied their inalienable rights.

ˈpatent ˌright [countable] LAW
the right to make or sell something, that is given to the person or company that owns the patent:

• The product can only be produced if the company purchases the patent right.

ˈpension ˌrights [plural] especially BrE FINANCE
the right that someone has to receive a pension from a company or from the government, especially when they stop work at a particular age:

• The workers' pension rights must be safeguarded.

ˌsuper ˈvoting ˌrights [plural]
FINANCE extra voting rights, usually five or ten votes for each share, that someone who owns a particular class of shares in a company has. Shares with super voting rights are usually held by company directors or by the person who first established a company.
ˈvoting ˌrights [plural] FINANCE
the right of someone who has shares in a company to attend and vote at the company's general meeting
2. rights also stock rights [plural] FINANCE rights offered to existing shareholders to buy more shares in a company, perhaps at a reduced price:

• The board approved a plan to raise $30 million through a stock rights offering.

— see also rights issue issue2
preˌemptive ˈright [countable] FINANCE
the right that a shareholder has to buy new shares issued by the same company before they are offered to the public:

• Existing shareholders have preemptive rights to buy new shares in proportion to their existing holdings.

3. rights [plural] LAW if a person or company has the rights to something, they are legally allowed to use it to make money:

• They were granted the movie rights to her life story.

• Warner will have all distribution rights in the U.S. and Canada.

ˈgrandfather ˌrights [plural] TRANSPORT
at an airport, the rights of airline S to use Take-Off and landing (= times at which aircraft can leave and arrive ) that they have always had, and not to be forced to give or sell them to other airlines:

• At present, airlines hold the slots in perpetuity (= for ever ) giving them so-called grandfather rights.

ˌmoral ˈrights [plural] LAW
the rights of a writer or artist not to have their work performed, changed etc in a way that harms people's opinion about them or their work:

• The principle of moral rights should be reaffirmed.

perˈforming ˌrights [plural] LAW
the rights of the person who has the legal ownership of a piece of music, a play etc to control where and when it can be performed, and to charge money for performing it
ˈproperty ˌrights [plural] LAW
the right to own and make a profit from capital, land etc
proˈprietary ˌrights [plural] LAW
the rights of a company to sell a product based on particular ideas and designs, or to sell or allow others to use those rights for payment:

• It still has all proprietary rights to the substance.

* * *

right UK US /raɪt/ noun
[C or U] someone who has the right to something, or the right to do something, is allowed to have it or do it, often legally or officially: have a right to sth »

Everybody has a right to equal treatment.

have the right to do sth »

Shareholders have the right to vote on the appointment of a new CEO.


She is a leading campaigner for consumer rights.


workers'/employment rights


human/civil rights


voting/property rights

rights — Cf. rights
all rights reserved — Cf. all rights reserved
rights — Cf. rights
See also EX-RIGHTS(Cf. ↑ex-rights), GRANDFATHER RIGHTS(Cf. ↑grandfather rights), INALIENABLE RIGHT(Cf. ↑inalienable right), MORAL RIGHTS(Cf. ↑moral rights), PATENT RIGHT(Cf. ↑patent right), PENSION RIGHTS(Cf. ↑pension rights), PERFORMING RIGHTS(Cf. ↑performing rights), PRE-EMPTION RIGHTS(Cf. ↑pre-emption rights), PROPERTY RIGHTS(Cf. ↑property rights), PROPRIETARY RIGHTS(Cf. ↑proprietary rights), STOCK RIGHT(Cf. ↑stock right)

Financial and business terms. 2012.

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Look at other dictionaries:

  • right — / rīt/ n [Old English riht, from riht righteous] 1 a: qualities (as adherence to duty or obedience to lawful authority) that together constitute the ideal of moral propriety or merit moral approval b: something that is morally just able to… …   Law dictionary

  • Right — • Substantive designating the object of justice Catholic Encyclopedia. Kevin Knight. 2006. Right     Right     † …   Catholic encyclopedia

  • Right — (r[imac]t), a. [OE. right, riht, AS. riht; akin to D. regt, OS. & OHG. reht, G. recht, Dan. ret, Sw. r[ a]tt, Icel. r[ e]ttr, Goth. ra[ i]hts, L. rectus, p. p. of regere to guide, rule; cf. Skr. [.r]ju straight, right. [root]115. Cf.… …   The Collaborative International Dictionary of English

  • right — [rīt] adj. [ME < OE riht, straight, direct, right, akin to Ger recht < IE base * reĝ , straight, stretch out, put in order > RICH, RECKON, L regere, to rule, rex, king, regula, a rule] 1. Obs. not curved; straight: now only in… …   English World dictionary

  • Right — Right, adv. 1. In a right manner. [1913 Webster] 2. In a right or straight line; directly; hence; straightway; immediately; next; as, he stood right before me; it went right to the mark; he came right out; he followed right after the guide. [1913 …   The Collaborative International Dictionary of English

  • Right — Right, n. [AS. right. See {Right}, a.] 1. That which is right or correct. Specifically: (a) The straight course; adherence to duty; obedience to lawful authority, divine or human; freedom from guilt, the opposite of moral wrong. (b) A true… …   The Collaborative International Dictionary of English

  • right — right, rightly 1. Right is used as an adverb meaning ‘in the right way, in a proper manner’ with a number of verbs, notably do right, go right (as in Nothing went right), guess right, spell something right, treat someone right. In general,… …   Modern English usage

  • right — [adj1] fair, just appropriate, condign, conscientious, deserved, due, equitable, ethical, fitting, good, honest, honorable, justifiable, lawful, legal, legitimate, merited, moral, proper, requisite, righteous, rightful, scrupulous, standup*,… …   New thesaurus

  • right — ► ADJECTIVE 1) on, towards, or relating to the side of a human body or of a thing which is to the east when the person or thing is facing north. 2) morally good, justified, or acceptable. 3) factually correct. 4) most appropriate: the right man… …   English terms dictionary

  • right — adj 1 *good Antonyms: wrong 2 *correct, accurate, exact, precise, nice Analogous words: fitting, proper, meet (see FIT): *decorous, decent, seemly Antonyms: wrong …   New Dictionary of Synonyms

  • Right — Right, v. t. [imp. & p. p. {Righted}; p. pr. & vb. n. {Righting}.] [AS. rihtan. See {Right}, a.] 1. To bring or restore to the proper or natural position; to set upright; to make right or straight (that which has been wrong or crooked); to… …   The Collaborative International Dictionary of English

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