preferred stock
US /prɪˌfɜːrd ˈstɑːk/
UK /prɪˌfɜːrd ˈstɑːk/
1.
a class of ownership in a corporation that has a higher claim on assets and earnings than common stock, but usually does not carry voting rights
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Investors often choose preferred stock for its stable dividend payments.
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Unlike common stock, preferred stock typically does not grant voting rights.