Definition for : Preference share
Preference Share, one of the categories of privileged Shares, confers pecuniary advantages in exchange for the total or partial lack of voting rights. These advantages can include: a claim to a greater proportion of Earnings than is paid out on other Shares, a higher priority in Dividend distribution, a cumulative Dividend (case of the non-voting PDS), etc. Also called Preferred share.
(See Chapters 7 and 21 of the Vernimmen)
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