Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Anti-Dilution Clause/Covenant/Provision

An adjustment mechanism for preferred stock, options, or convertible securities that provides the holder the right to receive additional securities in the event of a future financing in which securities are sold at a lower price than originally paid by the holder of the right; typically, there are exceptions for the adjustment mechanism that carve out situations such as the issuance of certain employee options or existing convertible securities.

Source: NCREIF | Date: 02 September 2025 | ID: D0914 | Version: 1