preferred stock

noun

Definition of preferred stock

: stock guaranteed priority by a corporation's charter over common stock in the payment of dividends and usually in the distribution of assets

Examples of preferred stock in a Sentence

Recent Examples on the Web The new investors are coming in through what Uber Freight says is a Series A preferred stock financing. Jennifer Smith, WSJ, "Uber Sells Stake in Freight Unit to Private Investors," 2 Oct. 2020 SpaceX plans to sell another $165 million in equity and preferred stock. Justin Bachman, Fortune, "Elon Musk’s SpaceX gets a stratospheric valuation in its latest funding," 18 Aug. 2020 The current preferred stock offering has a $9.3 million target. Michael Alberty | For The Oregonian/oregonlive, oregonlive, "Willamette Valley Vineyards raises funds for a sparkling wine oasis in the Dundee Hills," 7 July 2020 Second, unlike common stock, preferred stock does not confer voting rights. Michael Alberty | For The Oregonian/oregonlive, oregonlive, "Willamette Valley Vineyards raises funds for a sparkling wine oasis in the Dundee Hills," 7 July 2020 Chesapeake suspended dividend payments on preferred stock. Matt Egan, CNN, "Fracking trailblazer Chesapeake Energy becomes the biggest oil and gas bankruptcy of the pandemic," 28 June 2020 McMenamins is offering preferred stock, a type of investment that functions like a loan in many respects. oregonlive, "McMenamins seeks $20 million to pay off coronavirus debt, fund new projects," 19 May 2020 Roosevelt announced a bank holiday, during which Congress passed the Emergency Banking Act, which empowered the R.F.C. to purchase preferred stock in banks that desperately needed finance. John Cassidy, The New Yorker, "It’s Time to Establish a New Reconstruction Finance Corporation," 24 Mar. 2020 That’s approximately $163 million in cash and convertible preferred stock. Polina Marinova, Fortune, "Barstool Sports is selling part of its business to a casino operator in a deal that values the company at $450 million," 29 Jan. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'preferred stock.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of preferred stock

circa 1859, in the meaning defined above

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Time Traveler for preferred stock

Time Traveler

The first known use of preferred stock was circa 1859

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Statistics for preferred stock

Last Updated

6 Oct 2020

Cite this Entry

“Preferred stock.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/preferred%20stock. Accessed 5 Dec. 2020.

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More Definitions for preferred stock

preferred stock

Legal Definition of preferred stock

see stock

More from Merriam-Webster on preferred stock

Britannica.com: Encyclopedia article about preferred stock

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