prepreference

[ pree-pref-er-uhns, -pref-ruhns ]
/ priˈprɛf ər əns, -ˈprɛf rəns /

adjective British.

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

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Origin of prepreference

First recorded in 1880–85; pre- + preference
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020