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English definition of “preference”

preference

adjective
 
 
/ˈprefərəns/ FINANCE, STOCK MARKET
used to describe a company's shares that have the right to fixed dividends (= payments from profits) before the dividends on its ordinary shares are calculated and paid in a particular period, or in periods when dividends on these shares are not paid at all: Nokia is to increase its capital with about $100 million of new preference stock.
(Definition of preference adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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