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Purchase Right |
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A type of security that gives the holder the option, but not the obligation
to purchase a predetermined number of shares at a predetermined price,
similar to a stock option or warrant. These rights are typically distributed
to existing shareholders, who have the ability to trade these rights
on an exchange.
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The
right only gives you the ability to purchase the shares, you still
must pay for the shares if you want to redeem the right.
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Dictionary
