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English definition of “first refusal”

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first refusal

noun [U] uk   us  
the opportunity to buy something before it is offered to anyone else: My sister's selling her car and she's offered me first refusal on it.
Translations of “first refusal”
in Chinese (Traditional) 優先購買權…
in Chinese (Simplified) 优先购买权…
(Definition of first refusal from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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