liquidation preference

A preferred shareholder’s right, once the corporation is liquidated, to receive a specified distribution before common shareholders receive anything. [Cases: Corporations 629. C.J.S. Corporations §§ 875–878.]

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词条贡献者

资深译员David，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关汽车业的法律文件。