A creditor who has priority and entitled to receive payments ahead of other creditors from the same debtor. … [Read more...] about PREFERRED CREDITOR
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PREDICATE
In logic. That which is said concerning the subject In a logical proposition; as, "The law is the perfection of common sense." "Perfection of common sense," being affirmed concerning the law, (the subject) is the predicate or thing predicated. Wharton; Bourland v. Hildreth, 26 Cal. 232. … [Read more...] about PREDICATE
PREFERRED DIVIDEND
The dividend payments made to holders of preferred stock. … [Read more...] about PREFERRED DIVIDEND
PREDOMINANT
This term, in its natural and ordinary signification, is understood to be something greater or superior in power and influence to others, with which it is connected or compared. So understood, a "predominant motive," when several motives may have operated, is one of greater force and effect, in producing the given result than any other motive. Matthews v. Bliss, 22 Pick. … [Read more...] about PREDOMINANT
PREFERRED STOCK
A special share of a corporation or company that includes a special right or privilege that distinguishes a preferred from a common share. For example, distribution of dividends first to preferred shareholders. … [Read more...] about PREFERRED STOCK