GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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14:16 Apr 1, 2002 |
Spanish to English translations [PRO] Bus/Financial | |||||||
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| Selected response from: Sery Local time: 23:08 | ||||||
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under exclusion of the preferential rights of Explanation: implicit |
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pre-emptive right Explanation: www.speculativebubble.com/terms/preer.shtml Pre-emptive right - the right of a shareholder to retain the same percentage of ownership. When new shares are to be sold, the current holders have opportunity to buy additional shares to keep up percentage wise. "The company/corporation increased its capital excluding the pre-emptive right on 100 shares." Saludos, Sery -------------------------------------------------- Note added at 2002-04-01 14:26:35 (GMT) -------------------------------------------------- Another definition of \"pre-emptive right\": The privilege of a stockholder to maintain a proportionate share of ownership by purchasing a proportionate share of any new stock issues. An existing stockholder in most jurisdictions has the right to buy additional shares of a new issue to preserve his equity before others have a right to purchase shares of the new issue. - West\'s Law & Comm. Dic. |
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exclusion of priority right Explanation: At least for USA I prefer "priority" but "preferential" is also fine. Exp. |
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exclusion of the preemptive right Explanation: ... on the subscription of 100 shares |
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