prepreference

[pree-pref-er-uh ns, -pref-ruh ns]

adjective British.

taking precedence over preference shares in dividends or in capital distribution at the time of dissolution or liquidation of a business.

Origin of prepreference

First recorded in 1880–85; pre- + preference
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019