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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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.
References in periodicals archive ?
The Series D capital raise is CDT's second preferred offering within the past two years, following the 2017 closing of its $33 million Series C Convertible Preferred Offering.
A second preferred site, at Chesterfield, will serve as an innovation centre, and be a focus from which a new 'all Britain' strategy, aimed at protecting and growing the supply-chain will be developed.
Clark Global City (CGC) Chief Investment Officer Evan McBride said at a recent assessment by Leechiu Property Consultants (LPC) that Clark ranked second preferred office location.
He said currently Johor was the second preferred choice after the Klang Valley for the people to seek jobs due to the favourable salary offer.
"If we fail to narrow differences with the firm, we will proceed with the second preferred bidder (the KAI-led consortium)," DAPA spokesman Kang Hwan-seok told reporters.
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.
In July 2015, announcing that she has licked cancer, Santiago expressed her interest in the presidency after a survey by consultancy firm Publicus Asia showed that she was the second preferred presidential candidate next to Senator Grace Poe.
However, 13,375 children (84.7 per cent) were offered a place at their first preferred school, while a further 1,134 (7.2%) were offered their second preferred school and 450 (2.9 per cent) have been offered their third preferred school.
M2 EQUITYBITES-June 25, 2013--BCB Bancorp declares second preferred stock dividend(C)2013 M2 COMMUNICATIONS http://www.m2.com