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Definition: Preferred (preference) stock or share

ESA 1995

Preferred (preference) stocks or shares provide for participation in the distribution of the residual value on dissolution of a corporation. These may be quoted or unquoted on a recognised exchange. <a href="">http://ec.europa.eu/eurostat/product?code=CA-15-96-001&mode=view</a>
Source:
Eurostat, "European System of Accounts - ESA 1995", Office for Official Publications of the European Communities, Luxembourg, 1996
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