Precedence Right
From Open Risk Manual
Definition
Precedence Right. The rights of various parties in respect of the assets of some entity in the event of that entity being wound up
Some of these rights are enshrined in law. A special case of these is shareholder rights which are defined, for different classes of equity, by the Company Articles of Association or equivalent Documentation. These are the rights defined in the Equity Priority Terms Set.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Precedence Right"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/SEC/Equities/EquityInstruments/index-en.html + |
