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preference share capital

 
 
noun [U] mainly UK (mainly UK also preference capital, US also preferred capital) FINANCE, STOCK MARKET

Definition

› money that a company has from selling preference shares. Shareholders with these shares must be paid before those with ordinary shares when a company is paying dividends or if it goes bankrupt: Preference capital can be redeemed after a specified period.
(Definition of preference share capital noun from the Cambridge Business English Dictionary © Cambridge University Press)
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