preemption

noun
/priˈɛmpʃən/

Meaning

The act of taking action before someone else; the right to purchase or act before others.

Example Sentences

The company exercised preemption to acquire the land before competitors.

Example Expressions

preemption right

Synonyms

priority, precedence, advantage, privilege, right

Antonyms

delay, submission, surrender

Collocations

right of preemption, preemption clause, preemption policy, land preemption

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