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  2. Dictionary

    pre·emp·tion
    [prēˈem(p)SHən]
    noun
    pre-emption (noun)
    1. the purchase of goods or shares by one person or party before the opportunity is offered to others:
      "the commission had the right of preemption"
      • historical
        the right to purchase public land by preemption.
    2. the action of preempting or forestalling, especially of making a preemptive attack:
      "damaging retaliation for any attempt at preemption"
      • US ENGLISH
        the interruption or replacement of a scheduled radio or television program.
    Origin
    early 17th century: from medieval Latin praeemptio(n-), from the verb praeemere, from prae ‘in advance’ + emere ‘buy’.
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    What does pre-emption mean?PRE-EMPTION definition: 1. the act of preventing something from happening, especially an attack, by taking action first…. Learn more.
    What is the preemption doctrine?The preemption doctrine refers to the idea that a higher authority of law will displace the law of a lower authority of law when the two authorities come into conflict. When state law and federal law conflict, federal law displaces, or preempts, state law, due to the Supremacy Clause of the Constitution. U.S. Const. art. VI., § 2.
    What is the principle of pre-emption?As institutional investors, we are clear that the principle of pre-emption must be respected. The country gives investors preemption rights over shares, giving them first refusal on new shares. You can also find related words, phrases, and synonyms in the topics: What is the pronunciation of pre-emption?
    What is a pre-emption right?A pre-emption right, right of pre-emption, or first option to buy is a contractual right to acquire certain property newly coming into existence before it can be offered to any other person or entity. It comes from the Latin verb emo, emere, emi, emptum, to buy or purchase, plus the inseparable preposition pre, before.
     
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