first preferred stock
First preferred stock
A type of preferred stock that has priority over other preferred issues and common stock when claiming dividends and assets.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
first preferred stock
A class of preferred stock with a preferential claim over common stock and other preferred stock from the same issuer with respect to dividends and assets.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.