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Preference share |
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Preference sharePreferred shares of a corporation that have first claim to preferred dividends.Preference share Similar MatchesCommunity preferencesCommunity preferencesA set of consumer preferences, analogous to those of an individual as might be represented by a utility function, but representing the preferences of a group of consumers. The existence of well-behaved community preferences requires restrictive assumptions about individual preferences and/or incomes. Involuntary liquidation preferenceInvoluntary liquidation preferenceA premium that must be paid to preferred or preference stockholders if the issuer of the stock is forced into involuntary liquidation. Identical preferencesIdentical preferencesThe assumption that individuals -- either within a country or in different countries -- have the same preferences. To be useful, since individuals' and countries' incomes may differ, the assumption is often used together with homothetic preferences. Redeemable preference sharesRedeemable preference sharesPreference shares which the issuing company reserves the right to redeem. The shares may, or may not have a specific redemption date or dates. Weak axiom of revealed preferenceWeak axiom of revealed preferenceThe assumption that a consumer who reveals strict preference for one bundle of goods over another will not, in other circumstances, reveal their preference for the second over the first. That is, if qi, qj are the vectors of goods purchased at prices pi, pj respectively, then piqi>piqj Þ pjqi>pjqj. Used in proving correlation results. Further SuggestionsPreference for varietyGeneralized System of Preferences preference shares Preference stock Liquidity preference hypothesis stepped preference shares Loan Preference Principle Homothetic preferences Tariff preference Revealed preference participating preference shares Tax preference item Preferences cumulative preference shares |
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