PREFERRED

Possessing or accorded a priority, advantage, or privilege. Generally denoting a prior or superior claim or right of payment as against another thing of the same kind or class. See State v. Oheraw & C. R. Co., 16 S. G. 528. Preferred creditor. A creditor whom the debtor has directed shall be paid before other creditors. Preferred debt. A demand which has priority; which is payable in full before others are paid at all. Preferred dividend. See DIVIDEND. Proferred stock. See STOCK.