- first refusal
- .first re'fusaln BrEhave/give sb first refusal on sthto let someone decide whether to buy something before you offer to sell it to other people▪ I'll let you have first refusal on the car.
Dictionary of contemporary English. 2013.
first refusal
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first refusal — noun The chance to buy (esp property) before it is offered to others • • • Main Entry: ↑first * * * (the right of) first refusal : the right to accept or refuse something before it is offered to anyone else If we decide to sell the house, we ll… … Useful english dictionary
first refusal — ➔ refusal * * * first refusal UK US noun [U] ► LAW RIGHT OF FIRST REFUSAL(Cf. ↑right of first refusal) … Financial and business terms
first refusal — noun have /give sb first refusal on sth BrE to let someone decide whether to buy something before you offer to sell it to other people: I ll let you have first refusal on the car … Longman dictionary of contemporary English
first refusal — /fɜst rəˈfjuzəl/ (say ferst ruh fyoohzuhl) noun the right of a customer to buy or refuse goods before they can be sold to anyone else: *He wants first refusal of anything else you have in the same style. –norman lindsay, 1938 …
first refusal — first re fusal noun uncount the opportunity to buy something before it is offered to anyone else … Usage of the words and phrases in modern English
first refusal — noun the privilege of deciding whether to accept or reject something before it is offered to others … English new terms dictionary
first refusal — UK / US noun [uncountable] the opportunity to buy something before it is offered to anyone else … English dictionary
first refusal — A right to elect to take specified property at the same price and on the same terms and conditions as those contained in a good faith offer by a third person if the owner manifests a willingness to accept the offer. Coastal Bay Golf Club, Inc. v … Black's law dictionary
first refusal — A right to elect to take specified property at the same price and on the same terms and conditions as those contained in a good faith offer by a third person if the owner manifests a willingness to accept the offer. Coastal Bay Golf Club, Inc. v … Black's law dictionary
Right of first refusal — (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. In… … Wikipedia
