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 of preferred stock
An Americanism dating back to 1840–50
Words nearby preferred stock
British Dictionary definitions for preferred stock
preferred stock
noun
US and 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