Definitions for "Preference share"
A type of share that pays a fixed percentage dividend. Preference shareholders come before the ordinary shareholder when it comes to payment of dividends and if a company is wound up. However, as with Ordinary shares a dividend is only distributed if the company has sufficient distributable profits available.
Preferred shares of a corporation that have first claim to preferred dividends.
They are like ordinary share holders except that they do not have voting rights and get a priority over receiving dividents over ordinary share holders.
a complex financial instrument with a number of modifications to its general characteristics