pre-preferenceadj.
/priːˈprɛf(ə)rəns/, /priːˈprɛf(ə)rn̩s/, U.S. /ˌpriˈprɛf(ə)rəns/ Finance.
Ranking before preference bonds, shares, claims, etc., with regard to security, payment of dividend, or interest. See preference bond n., preference share n. at preference n. Compounds.
ΘΚΠ
society > trade and finance > stocks and shares > stocks, shares, or bonds > [adjective] > types of securities
unissued1703
preferable1837
ordinary1866
pre-preference1867
gilt-edge1880
gilt-edged1881
unlisted1882
voting1883
assented1907
voteless1908
senior1914
well-traded1936
medium-dated1943
off-board1943
go-go1966
unquoted1969
alpha1984
gamma1986
1867 Times 10 Apr. 9/5 In other words, a pre-preference stock is to take the place of Debentures, so that the temporary loans are turned into permanent capital.
1882 R. Bithell Counting-house Dict. 236 The new series of Bonds..distinguished from all the others by the name of pre-preference bonds.
1896 Westm. Gaz. 3 Mar. 6/1 The directors..announce the issue of 6,000 Five and a-Quarter per Cent. Cumulative Pre-preference £10 shares at a premium of 10s. each.
1900 Westm. Gaz. 5 Mar. 11/1 The shareholders..would not have it [sc. the new issue] in the form of pre-preference shares.
1960 Business Hist. Rev. 34 205 British practice was not so much a change in the terms of the outstanding issues as the sale of new securities, such as pre-preference bonds.
1978 Times 3 Feb. 24/5 Prepreference Stock of the Company will be closed from the 15th to the 28th February, 1978, both dates inclusive.
2003 Asia Pulse (Nexis) 23 Apr. Deutsche Bank expects a net profit, pre-preference shares, of $1.138 billion and a 44 cents per share fully franked dividend.
This entry has been updated (OED Third Edition, March 2007; most recently modified version published online March 2022).
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adj.1867