| 词汇 | preferred stock |
| 释义 | `1`preferred stock`2` "LAW.COM Dictionary": n. a class of shares of stock in a corporation which gives the holders priority in payment of dividends (and distribution of assets in case of dissolution of the corporation) over owners of "common" stock at a fixed rate. While the assurance of first chance at profits is a psychological and real benefit, preferred stock shareholders do not participate in higher dividends if the corporation makes large profits, and usually cannot vote for directors. See also: common stock corporation dividend stock |
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