preference shares

基本解释

For example, the dividends on Citigroup’s government preference shares can be deferred but not cancelled, unlike those on common stock.
比如說，對政府持有的花旗銀行優先股股利的發放可以延遲，但是卻不能取消發放。而普通股就不一樣。
Even that proved a stopgap; on December 3rd it was announced that the banks would swap the debt for 75% of the ordinary equity and a slug of preference shares.
但即使那樣也僅是臨時性的，12月3日，公司宣佈將通過債轉股把債務轉換成全部普通股的75%和一部分優先股。
Worse, banks have come to rely on issuing their own preference shares to raise capital, and will find that harder if holders of Fannie’s and Freddie’s paper suffer losses.
更嚴重的是，很多銀行開始通過發行優先股來進行融資，但是發現Fannie和Freddie的股東受損之後這樣的融資方式似乎更加難做。

The government might have reduced its bill by going after the holders of preference shares.
ECONOMIST: Spain’s banking system
Preference shares typically carry no voting rights, which (unlike WestLB traders) was what Porsche was after.
FORBES: Fischer Pays Price For WestLB Trading Scandal
"Having the ordinaries short, and the preference shares long, you lose your shirt, " said Becker.
FORBES: Fischer Pays Price For WestLB Trading Scandal

Preference shares are the shares in a company that are owned by people who have the right to receive part of the company's profits before the holders of ordinary shares. They also have the right to have their capital repaid if the company fails and has to close. Compare .
&rarrsee also ordinary shares