second preferred

Second-Preferred Stock

A preferred stock with a guaranteed dividend that, in the event of liquidation, ranks below another issue of preferred stock. That is, if the company issuing the second preferred stock liquidates itself, a designated issued of preferred stock must have all back dividends paid before the holders of second preferred stock receive anything. However, second preferred stock ranks above all common stock. See also: Absolute priority rule.

second preferred

A class of preferred stock that has a subordinate claim to dividends and assets relative to another class of preferred stock of the same issuer. Compare prior preferred.
References in periodicals archive ?
2%) were offered their second preferred school and 450 (2.
Cardona has further stated that the Government has also pronounced Dragonara Gaming Ltd as the second preferred bidder and asked it to begin talks related to the issuance of a new license meant for the management of a second casino.
Darren Ettridge, the senior vice president of resort sales and business development for Europe, Middle East, Africa, and Asia, said, 'We couldn't be more delighted with the addition of Essque Zalu Zanzibar, the second Preferred Residences location in Africa.
AN INTERIM order has been issued to stop talks between the government and the second preferred bidder for the controversial Paphos-Polis highway, it emerged yesterday.
This is our second preferred bidder award on a PFI education project.
One of the students tended to solve problems in a visual manner; the second preferred a more verbal/nonvisual approach; and the third tended to use both visual and nonvisual strategies.
announced today that, consistent with yesterday's statement that it is taking actions to preserve value in its core energy businesses, the company is evaluating whether previously declared dividends will be paid on the corporation's common stock, the Cumulative Second Preferred Convertible Stock, the Enron Capital LLC 8% Cumulative Guaranteed Monthly Income Preferred Shares, and the Enron Capital Resources, L.
5 billion of Common Shares, First Preferred Shares, Second Preferred Shares, Subscription Receipts, Warrants and Units in tranches as required over the next 25 months in Canada and the United States.
413 on the Cumulative Second Preferred Convertible Stock payable Jan.
Second Preferred Shares - 1959 series - 1963 series Cash dividend of thirty-seven cents ($0.
Darren Ettridge, SVP of resort sales and business development at Preferred Residences for Europe, Middle East, Africa, and Asia, said, "We couldn't be more delighted with the addition of Essque Zalu Zanzibar, the second Preferred Residences location in Africa.
There is no change to the $5 billion limit for which Second Preferred Shares may be issued.