TeachMeFinance.com - explain Preference stock
Preference stock -- This is the English designation for stock
that is preferred over other classes as to dividends and assets. It is equivalent to what in the United States is called preferred
stock when there is only one class of preferred stock or to
what is called first preferred when there are two classes.
Preference stock is sometimes divided into classes, as first
preference, second preference, etc., with the right to dividends
in the order named.
For additional information see Stock.
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