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Preference stock |
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Preference stockA security that ranks junior to preferred stock but senior to common stock in the right to receive payments from the firm; essentially junior preferred stock.Preference stock 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. 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. Preference sharePreference sharePreferred shares of a corporation that have first claim to preferred dividends. Tax preference itemTax preference itemItems that must be included when calculating the alternative minimum tax. 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. Further Suggestionsparticipating preference sharescumulative preference shares Homothetic preferences Liquidity preference hypothesis preference shares Preference for variety Generalized System of Preferences Preferences Loan Preference Principle redeemable preference shares Revealed preference stepped preference shares Tariff preference Involuntary liquidation preference |
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