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 Chapter 7 How to cope with the most complex points in financial accounts and Chapter 21 Other debt products of the Vernimmen)

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