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WordReference Random House Unabridged Dictionary of American English © 2024preferred′ stock′, - Businessstock that has a superior claim to that of common stock with respect to dividends and often to assets in the event of liquidation.
Collins Concise English Dictionary © HarperCollins Publishers:: preferred stock n - US Canadian 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
Also called (in eg Britain, Australia): preference shares
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