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 ?
The group will be the second preferred bidder to be named for Wotherspoon's stake, after Bellshill-based businessman Seref Zengin of the ZL Group.
The second preferred choice of Indian IT decision makers is the hybrid could.
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.
M2 EQUITYBITES-June 25, 2013--BCB Bancorp declares second preferred stock dividend(C)2013 M2 COMMUNICATIONS http://www.
9% cumulative redeemable second preferred shares Series BB at a price of CAD25 (USD24.
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.
The Swedish major has been the second preferred bidder, but Daewoo Electronics' creditors did not expect it to provide better takeover conditions so they chose Entekhab, according to Yonhap's sources.
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.
Amazon was the first or second preferred brand within each category and the most preferred brand across all three categories--ahead of other leading digital media brands such as Apple iTunes, MSN and eBay.