prepreference

[ pree-pref-er-uh ns, -pref-ruh ns ]
/ priˈprɛf ər əns, -ˈprɛf rəns /

adjective British.

taking precedence over preference shares in dividends or in capital distribution at the time of dissolution or liquidation of a business.

Origin of prepreference

First recorded in 1880–85; pre- + preference