Business and Personal Finance Dictionary

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• RIGHT OR RIGHTS
  
  Is the security which allows current shareholders to maintain their percentage of ownership in the corporation. Often the terms are such that one or more rights are required to purchase one share of common at a particular price. This price is at a discount to the current market. The time to expiration for a right or rights offering tends to be brief. It is related to a warrant, however the warrant tends to have a longer time to expiration.
  
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