preferred
pruh furd
- v like better; value more highly
- v select as an alternative over another
- v promote over another
- v give preference to one creditor over another
- s more desirable than another
Danny's preferred name is `Dan' - s preferred above all others and treated with partiality
- Traditional preferred is bought mainly by insurance companies and pension-fund managers.
- The preferred shares the government purchased don't trade, but many of the Treasury-assisted banks already have existing preferred shares that do.
- Still, preferred shares with reasonable yields are available from such blue-chip companies as Citigroup and Wells Fargo.