(now historical) Prior claim (on payment, or on purchasing something); the first rights to obtain a particular payment or product.

A mixture of flour, water and yeast that is allowed to ferment prior to another baking process

Third-person singular simple present indicative form of prefer

The state of being preferable.

The quality or state of being preferable.

plural of preferer

plural of preferability

A creditor who will have, in the event of the debtor's bankruptcy, more right to collect than other creditors will.

plural of time preference

(finance) Stock with a dividend, usually fixed, that is paid out of profits before any dividend can be paid on common stock and that has priority to common stock in liquidation.