What is the meaning of Oversubscription privilege?

In a rights issue, arrangement by which shareholders are given the right to apply for any shares that are not taken up.

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APABarry Goldsmith. (2010). oversubscription privilege. Retrieved September 21, 2026, from http://smartdefine.org/oversubscription_privilege/definitions/1160044
ChicagoBarry Goldsmith. 2010. "oversubscription privilege" http://smartdefine.org/oversubscription_privilege/definitions/1160044 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, oversubscription privilege, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/oversubscription_privilege/definitions/1160044>.
MLABarry Goldsmith. "oversubscription privilege" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/oversubscription_privilege/definitions/1160044>