A preference; the choice of something preferred.

In preference; by choice; in a preferable manner.

Third-person singular simple present indicative form of prefer

plural of preferability

The state of being preferable.

something that is liked or wanted more than another

to like something better than something else

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

(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.

plural of time preference