Prior Preferred Stock

Prior Preferred Stock

A preferred stock that has priority over other preferred stock. This occurs when a publicly-traded company has more than one class of preferred stock. Thus, while all preferred stock receives dividends before common stock, prior preferred stock receives dividends before other preferred stock. It is also called a preference stock.
References in periodicals archive ?
Therefore, the Company has reclassified 2002 and prior preferred stock dividends from accumulated deficit to additional paid in capital.