shares in a company usually paying a fixed rate of dividend and, usually, carrying no voting rights. Whilst ranking ahead of ordinary shares, they effectively form unsecured debt, often having a fixed date or period for redemption of the capital sum they represent.
PREFERENCE SHARES
Meaning of PREFERENCE SHARES in English
Raynet Business and Marketing English glossary. Английский глоссарий компании Raynet Business and Marketing . 2012