Preferred

This word is relative; it refers to something else, and it means that the thing to which it is attached, whatever that may be, lias some advantage over another thing of the same character, which, but for this advantage, would be like the others. State v. R. Co., 16 S. C. 530.

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.