prepreference

\\“+\ adjective

Etymology: pre- + preference

Britain : having priority over preference shares or bonds either as to payment of interest or dividends or as to security for repayment of principal

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/pree pref"euhr euhns, -pref"reuhns/, adj. Brit.

taking precedence over preference shares in dividends or in capital distribution at the time of dissolution or liquidation of a business.

[1880-85; PRE- + PREFERENCE]