|
Definition of Preferred stock
1. Noun. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights.
Exact synonyms: Preference Shares, Preferred Shares
Generic synonyms: Stock
Specialized synonyms: Cumulative Preferred, Cumulative Preferred Stock
Generic synonyms: Stock
Specialized synonyms: Cumulative Preferred, Cumulative Preferred Stock
Definition of Preferred stock
1. Noun. (finance) Stock with a dividend, usually fixed, that is paid out of profits before any dividend can be paid on common stock and that has priority to common stock in liquidation. ¹
¹ Source: wiktionary.com