preferred

Etymology

verb

  1. simple past and past participle of prefer
  2. simple past and past participle of preferre

adj

  1. favoured

noun

  1. (finance) Preferred stock.
    Naturally, closed-end funds’ common shareholders love the juice that auction-rate preferreds provide. March 30, 2008, Gretchen Morgenson, “If You Can’t Sell, Good Luck”, in New York Times

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