noun. stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights.
adjective. ['prəˈfɝːd, prɪˈfɝːd, priːˈfɝːd'] more desirable than another.
adjective. ['prəˈfɝːd, prɪˈfɝːd, priːˈfɝːd'] preferred above all others and treated with partiality.