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preference shares

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
preference shares
pl n
(Economics, Accounting & Finance / Stock Exchange) Brit and Austral shares representing part of the capital issued by a company and entitling their holders to priority with respect to both net profit and net assets. Preference shares usually carry a definite rate of dividend that is generally lower than that declared on ordinary shares US and Canadian name preferred stock Compare ordinary shares, preferred ordinary shares
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.preference shares - stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
stock - the capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity); "he owns a controlling share of the company's stock"
cumulative preferred, cumulative preferred stock - preferred stock whose dividends if omitted accumulate until paid out
Translations
preference shares
pl (Brit Fin) → Vorzugsaktien pl
preference shares npl (Brit) (Fin) → azioni fpl privilegiate


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5bn in ordinary shares and £1bn of preference shares which carry no voting rights but involve an expensive repayment rate of interest of 12%.
The net proceeds will be used to redeem C$200 million of Class AAA preference shares currently outstanding with an average coupon of 8.
Celtic preference shares can be converted into ordinary shares on or after June 30, 2001.
 
 
 
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