/ˌpriːˈɛmpʃən/ – Noun
Definition: 1. quyền ưu tiên mua trước;
2. việc sử dụng quyền ưu tiên mua trước;
3. việc nắm giữ hàng hóa để thực hiện quyền ưu tiên mua trước;
4. (Mỹ) việc chiếm giữ đất công để được quyền ưu tiên mua đất đó.
A more thorough explanation: Pre-emption refers to the legal right to acquire property or assets before they are offered to others. It is a right that allows a person or entity to purchase something before it is made available to the general public or other potential buyers.
Example: The company has a pre-emption right to purchase additional shares before they are offered to the public.