A legal term used in bankruptcy to describe a transaction deemed to have occurred under circumstances favorable to the creditor that benefited from the transaction. This provision is intended to protect unsecured creditors. Under the U.S. Bankruptcy Code, the preference period for most creditors is 90 days prior the date of the debtor's petition filing. The exception is a one year preference period applicable to creditors deemed to be an " insider" with respect to the bankrupt debtor. Collateral interests obtained by a creditor during the preference period are undone by the bankruptcy.
See insiders. American Banker Glossary
Refers to over-the-counter trading. Selection of a dealer to handle a trade despite the dealer's market not being the best available. Often the "preferenced dealer" will then move his market in line . Bloomberg Financial Dictionary
A system under which eligible goods imported into the EU from certain non-EU countries qualify for a reduced (often nil) rate of Customs Duty. These arrangements also cover EU goods exported to the non-EU country. HM Customs & Revenue Glossary

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preference pref‧e‧rence [ˈprefrəns] noun
1. [countable, uncountable] the state of liking something more than something else, or something you like more than another thing:

• People were twice as likely to change their brand preference if they liked an advertisement.

• a change in consumer preference from adjustable-rate to fixed-rate mortgages

liˈquidity ˌpreference [uncountable] ECONOMICS
the degree to which people and organizations like to hold their assets and investments in different forms, some of which can be bought and sold more easily than others. This influences the demand for money and a country's control of the amount of money in the economy:

• The phenomenon of liquidity preference can find no place in a model that contains only one asset, cash.

2. [uncountable] COMMERCE when a country treats some countries more favourably than others in international trade, for example through lower import taxes:

• Britain must take a strong line with its trading partners, but without damaging Community preference (= treating goods from the European Union more favourably than others. )

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preference UK US /ˈprefərəns/ noun
[C or U] the fact of liking or wanting one thing more than another: preference for sth »

These investors had a preference for securities rather than bank deposits.


More flexibility will enable managers to redesign their floors quickly according to customer preferences.


Buying a car is a matter of personal preference.

[U] an advantage or better treatment that is given to a person or a group of people: give preference to sb/sth »

This small-business program gives preference to minority- and women-owned companies.

See also COMMUNITY PREFERENCE(Cf. ↑Community preference), CONSUMER PREFERENCE(Cf. ↑consumer preference), LIQUIDITY PREFERENCE(Cf. ↑liquidity preference)
preference UK US /ˈprefərəns/ adjective
used to describe a company's shares that have the right to fixed dividends (= payments from profits) before the dividends on its ordinary shares are calculated and paid in a particular period, or in periods when dividends on these shares are not paid at all: »

Nokia is to increase its capital with about $100 million of new preference stock.

Financial and business terms. 2012.

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Look at other dictionaries:

  • préférence — [ preferɑ̃s ] n. f. • preferance v. 1458; de préférer 1 ♦ Jugement ou sentiment par lequel on place une personne, une chose au dessus des autres; jugement plus favorable. Les préférences de chacun. « Sur quelque préférence une estime se fonde »… …   Encyclopédie Universelle

  • preference — pref·er·ence / pre frəns, fə rəns/ n 1: the right to prior payment of a debt with preference over the creditors of the heirs or legatees Louisiana Civil Code 2: the transfer of an insolvent debtor s interest in property to a creditor for an… …   Law dictionary

  • Preference — (also called taste or penchant ) is a concept, used in the social sciences, particularly economics. It assumes a real or imagined choice between alternatives and the possibility of rank ordering of these alternatives, based on happiness,… …   Wikipedia

  • Preference — (fr., spr. Preferangs), Stichspiel, mit Deutscher Karte unter drei, gewöhnlich aber unter vier Personen, so daß der Geber beim Spiele nicht betheiligt ist, gespielt. Der Geber läßt zur rechten Hand abheben, legt die zwei obersten Blätter (Talon)… …   Pierer's Universal-Lexikon

  • Preference — Préférence Voir « préférence » sur le Wiktionnaire …   Wikipédia en Français

  • preference — Preference. s. f. Choix que l on fait d une personne, d une chose plustost que d une autre. Preference certaine, incontestable. juste preference. demander, avoir, obtenir la preference. disputer, emporter la preference. donner la preference.… …   Dictionnaire de l'Académie française

  • Preference — Pref er*ence, n. [Cf. F. pr[ e]f[ e]rence.] 1. The act of Preferring, or the state of being preferred; the setting of one thing before another; precedence; higher estimation; predilection; choice; also, the power or opportunity of choosing; as,… …   The Collaborative International Dictionary of English

  • preference — a payment by a debtor made during a specified period (90 days or one year) prior to the filing that favors one creditor over others. Preference payments can usually be recovered and returned to the debtor s estate (Glossary of Common Bankruptcy… …   Glossary of Bankruptcy

  • preference — [n1] first choice alternative, choice, cup of tea*, desire, druthers*, election, favorite, flash*, groove, inclination, option, partiality, pick, predilection, prepossession, propensity, say, say so*, selection, top, weakness; concepts 20,529,709 …   New thesaurus

  • preference — [pref′ər əns] n. [MFr préférence < ML praeferentia < L praeferens, prp. of praeferre, to PREFER] 1. a preferring or being preferred; greater liking 2. the right, power, or opportunity of prior choice or claim 3. something preferred; one s… …   English World dictionary

  • Préférence — (franz., spr. āngß , »Vorzug«), Kartenspiel zwischen drei Personen, das mit der deutschen Karte gespielt wird, und in dem die Mehrheit der Stiche den Gewinn entscheidet. Es hat seinen Namen von dem Vorzug, der darin einer Farbe vor der andern… …   Meyers Großes Konversations-Lexikon

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