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

法律翻译Barbara，毕业于英国一流的高级翻译学院，专注翻译各类与艺术诉讼有关的法律文件。