Preferred

Possessing or accorded a priority, advantage or privllege. Generally denoting a prior or superior claim or right of payment as against another thing of the same kind or class. See State v. Cheraw & O. R. Co., 16 S. a 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 bsfore others are paid at ali.

— Preferred dividend. See Dividend.

— Preferred stock. See Stock.