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

译者Mathew，国际知名法学院国际仲裁与争端解决专业，擅长翻译各种与美国国内仲裁相关的法律文件。