What is another word for preferred stock?
Pronunciation: [pɹɪfˈɜːd stˈɒk] (IPA) 
Preferred stock, cumulatively referred to as preferred shares, is a type of stock that enjoys preferential treatment over ordinary shares in certain areas, such as dividend payouts and asset distribution during bankruptcy. This type of stock is often referred to as preference shares or preference stock as well. Sometimes it is also referred to as fixed-income shares, which highlights the preference for a fixed rate of return on investment. Other synonymous terms include hybrid stock or equity-hybrid securities, due to being hybrid financial instruments that possess features of both debt and equity securities. Another term used is "callable shares" since issuers have the option to "call" back the shares at any time.
