renounceable letters of allotment — (RLAs) Documents which evidence the right of the person named in them to have shares issued to him, subject only to the conditions on which the RLA is issued. They can be renounced over a given period in favour of a third party who then lodges… … Law dictionary
renounceable letter of allotment — renounceable letters of allotment (RLAs) Documents which evidence the right of the person named in them to have shares issued to him, subject only to the conditions on which the RLA is issued. They can be renounced over a given period in favour… … Law dictionary
renounceable — renounce ► VERB 1) formally declare one s abandonment of (a claim, right, or possession). 2) refuse to recognize any longer. 3) abandon (a cause, bad habit, or way of life). DERIVATIVES renounceable adjective renouncement noun renouncer noun … English terms dictionary
Non-Renounceable Rights — An offer issued by a corporation to shareholders to purchase more shares of the corporation (usually at a discount). Unlike a renounceable right, a non renounceable right is not transferable, and therefore cannot be bought or sold. Issuing more… … Investment dictionary
Nil-Paid — Security that is tradeable but originally posed no cost to the seller. For example, a renounceable right being sold by the original owner to another investor is considered nil paid. A right is an opportunity to purchase more shares, usually at… … Investment dictionary
open offer — An issue of shares by a company for cash to existing shareholders on a basis pro rata to existing shareholdings. It is similar to a rights issue. However, the key difference is that the right to subscribe for shares in an open offer is not… … Financial and business terms
Rights issue — When doing a Secondary Market Offering of shares to raise money, a company can opt for doing a rights issue to raise capital. With the issued rights, existing shareholders have the privilege to buy a specified number of new shares from the firm… … Wikipedia
rights issue — an issuing of extra shares. A company may raise additional capital from its members as opposed to from the public at large by issuing extra shares; this is called a rights issue. See pre emption; pre emption clause. Collins dictionary of law. W.… … Law dictionary
renounce — verb 1》 formally declare one s abandonment of (a claim, right, or possession). ↘Law refuse or resign a right or position, especially one as an heir or trustee. 2》 refuse to recognize any longer. 3》 abandon (a cause, bad habit, or way of life) … English new terms dictionary
renounce — v. 1 tr. consent formally to abandon; surrender; give up (a claim, right, possession, etc.). 2 tr. repudiate; refuse to recognize any longer (renouncing their father s authority). 3 tr. a decline further association or disclaim relationship with… … Useful english dictionary
