/prɛˈfɛrənʃəl raɪt/ – Phrase
Definition: quyền ưu tiên.
A more thorough explanation: A preferential right is a legal entitlement or privilege granted to a particular individual or group that allows them to receive a specific benefit or treatment before others in a given situation. This right is typically based on a specific legal provision, contract, or agreement that gives the holder priority over others in terms of receiving certain benefits, such as dividends, assets, or opportunities.
Example: The shareholders with preferential rights have the first opportunity to purchase additional shares before they are offered to the general public.