preferred-stock

preferred stock

noun
stock that has a superior claim to that of common stock with respect to dividends and often to assets in the event of liquidation.

Origin:
1840–50, Americanism

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World English Dictionary
preferred stock
 
n
(US), (Canadian) Also called (in eg Britain, Australia): preference shares 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. Preferred stock usually carries a definite rate of dividend that is generally lower than that declared on common stock

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