Booking a certain slot for a TV commercial, etc. in advance. It can be switched in case another advertiser decides to pay full money for a certain slot.
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PREEMPTION
To set up a prior claim, or the right to gain an advantage before anybody else.
PREEMPTION CLAIMANT
a person who claims a property before other people and occupies it and is proceeding according to law to get the title to it.
PREEMPTION CLAUSE
A clause which allows the present stock holders to gain preemption rights.
PREEMPTION ENTRY
a term for the entering and occupation of public land to create a homestead.
PREEMPTION RIGHT
A right/ advantage given out to the present stock holders, allowing them to gain the first option in case a house or property is being sold. It can also mean […]
PREEMPTIVE PRICING
A method of selling something at lower rates, in order to ward off the competition within any market.
PREEMPTIVE RIGHT
A shareholders right at first choice on buying stocks. Any left are available to the market at large. AKA antidilution provision and subscription priviledge. Refer to rights issue .
PREEXISTING CONDITION
Any condition from which the insured is already suffering from before he/she applies for an insurance policy .
PREFABRICATED
Any structure, or article that is created before being brought to the site where it is properly assembled, or installed thereafter.
PREFEASIBILITY STUDY
When large projects are to be constructed, a prefeasibility study is carried out in order to decide whether or not the project will be worth proceeding with or not.
PREFECT
In French law . The name given to the public functionary who is charged in chief with the administration of the laws, in each department of the country. Merl. Repert […]
PREFER
To bring before; to prosecute; to try; to proceed with. Thus, preferring an indictment signifies prosecuting or trying an indictment. To give advantage, priority, or privilege; to select for first […]
PREFERENCE
The act of an insolvent debtor who, in distributing his property or in assigning it for the benefit of his creditors, pays or secures to oue or more creditors the […]
PREFERENCE PERIOD
The 90 days before bankruptcy. Refer to preference.
PREFERENCE SHARE CAPITAL
Those who have invested are liable to receive payment before others, though they can forego their shareholder privileges.
PREFERENCE SHARES
A term used in English law to designate a new issue of shares of stock in a company, which, to facilitate the disposal of them, are accorded a priority or […]
PREFERENTIAL ASSIGNMENT
An assignment of property for the benefit of creditors, made by an insolvent debtor, in which it is directed that a preference (right to be paid first in full) shall […]
PREFERENTIAL DEBT
a debt that has to be paid first before all other creditor’s debts.
PREFERENTIAL LOAN
An initiative taken by the government in order to bring about an increase in the capital investment . This is done generally in poorly developed areas.
PREFERENTIAL TRADE AGREEMENT (PTA)
A pact of trade, formed between two or more countries, allowing them to reduce the tariffs charged on specific goods during trade with each other. Even though the tariffs aren’t […]
PREFERENTIAL TRANSFER
the transferring of property by a debtor who is insolvent to a creditor and excluding transfer to other creditors.
PREFERRED
Possessing or accorded a priority, advantage, or privilege. Generally denoting a prior or superior claim or right of payment as against another thing of PREFERRED 931
PREFERRED BIDDER
A bidder who has been preferred over others, by a company who is holding an auction.
PREFERRED CREDITOR
Sec PREFERRED.