liquidation preferenceglossary / 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.] 词条贡献者 法律翻译Carl,知名法学院法律英语专业,专注翻译各类与复杂商业纠纷有关的法律文件。