Definition of pre-emption noun from the Oxford Advanced Learner's Dictionary



BrE BrE//priˈempʃn//
; NAmE NAmE//priˈempʃn//
jump to other results
the opportunity given to one person or group to buy goods, shares, etc. Existing shareholders will have pre-emption rights. Word Origin early 17th cent.: from medieval Latin praeemptio(n-), from the verb praeemere, from prae ‘in advance’ + emere ‘buy’.