Question

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Answer 1

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Preference shares are 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 are paid.

Answer 2

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Preference shares, more commonly referred to as preferred stock, are shares of a company's stock with dividends that are paid out to shareholders before common stock dividends are issued. ... Preferred stock shareholders also typically do not hold any voting rights, but common shareholders usually do.