|
Right
|
An in-the-money option, usually with a very short life, distributed to a firm's shareholders and giving them the opportunity to purchase a new issue of securities below current or expected market prices. Rights may be sold or exercised or, on rare occasions, allowed to expire. Because rights are in the money at issuance, expiration is more often a result of error or inattention than of the rights having lost all value. Also called Stock Right, Subscription Warrant.
|
