preferred stock

A class of stock giving its holder a preferential claim to dividends and to corporate assets upon liquidation but that usu. carries no voting rights.

— Also termed preference shares. Cf. common stock. [Cases: Corporations 156. C.J.S. Corporations § 158.]


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译者筠怡,毕业于法国顶尖的高级翻译学院,擅长翻译各种与产品责任与集体侵权诉讼相关的法律文件。
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