preferred stock
Noun
AE
A form of equity evidencing ownership in the capital stock of the issuing company that has preference rights over its common stock, it rarely having voting rights and may not have preemptive rights.
Synonym(s):
- preferred equity; preferred shareholders' equity; preferred stockholders' equity.
- [BE]: preference share capital.
Comment:
Stock is a mass word and correctly used in the plural form only when referring to the different stock of the different issuers.
