(the right of) first refusal

Definition of (the right of) first refusal

  1. :  the right to have the first choice to buy something on the same terms as offered to someone else

Word by Word Definitions

rightplay
  1. :  righteous, upright

    :  being in accordance with what is just, good, or proper

    :  conforming to facts or truth :  correct

  1. :  qualities (such as adherence to duty or obedience to lawful authority) that together constitute the ideal of moral propriety or merit moral approval

    :  something to which one has a just claim: such as

    :  the power or privilege to which one is justly entitled

  1. :  according to right

    :  in the exact location, position, or moment :  precisely

    :  in a suitable, proper, or desired manner

  1. :  to do justice to :  redress the injuries of

    :  justify, vindicate

    :  avenge

firstplay
  1. :  preceding all others in time, order, or importance: such as

    :  earliest

    :  being the lowest forward gear or speed of a motor vehicle

  1. :  before another in time, space, or importance

    :  for the first time

    :  in preference to something else :  sooner

  1. :  something that is first: such as

    :  the first occurrence or item of a kind

    :  the first forward gear or speed of a motor vehicle

refusalplay
  1. :  the act of refusing or denying

    :  the opportunity or right of refusing or taking before others


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