preference shares

preference share

noun British.
a share of preferred stock.

Origin:
1835–45

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preference shares
 
pl n
(Brit), (Austral) ordinary shares Compare preferred ordinary shares US and Canadian name: preferred stock shares representing part of the capital issued by a company and entitling their holders to priority with respect to both net profit and net assets. Preference shares usually carry a definite rate of dividend that is generally lower than that declared on ordinary shares

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