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prepreference

[pree-pref-er-uh ns, -pref-ruh ns] /priˈprɛf ər əns, -ˈprɛf rəns/
adjective, British
1.
taking precedence over preference shares in dividends or in capital distribution at the time of dissolution or liquidation of a business.
Origin
1880-1885
1880-85; pre- + preference
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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