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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Right of first refusal  

Definition 1.

The right of a person or company to purchase some thing before the offering is made to others.
 

Definition 2.

The right of a party to match the terms of a proposed contract with another party.
 

Definition 3.

In general, the right of a person or company to purchase something before the offering is made available to others.
 
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