Definition of "preferred"

preferred

/pɹɪˈfɜːd/

verb
1. simple past and past participle of prefer
2. simple past and past participle of preferre
adjective
comparative more preferred, superlative most preferred
1. favoured
noun
plural preferreds
1. (finance) Preferred stock.
  Quotations
  Naturally, closed-end funds’ common shareholders love the juice that auction-rate preferreds provide.
  2008 March 30, Gretchen Morgenson, “If You Can’t Sell, Good Luck”, in New York Times‎