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preemption

[pree-emp-shuh n] /priˈɛmp ʃən/
noun
1.
the act or right of claiming or purchasing before or in preference to others.
Also, pre-emption.
Origin
1595-1605
1595-1605; < Medieval Latin praeëmpt(us) bought beforehand (past participle of praeëmere) + -ion. See pre-, emptor
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for pre-emption

pre-emption

/prɪˈɛmpʃən/
noun
1.
(law) the purchase of or right to purchase property in advance of or in preference to others
2.
(international law) the right of a government to intercept and seize for its own purposes goods or property of the subjects of another state while in transit, esp in time of war
Word Origin
C16: from Medieval Latin praeemptiō, from praeemere to buy beforehand, from emere to buy
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin and History for pre-emption
n.

also preemption, c.1600, literally "the right of purchasing before others," from pre- "before" + emption.

Online Etymology Dictionary, © 2010 Douglas Harper
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