first preferred stock

first preferred stock definition - business

first preferred stock

A class of preferred stock with a preferential claim over common stock and other preferred stock from the same issuer with respect to dividends and assets.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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