preferred stock

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun Capital stock having priority over a corporation's common stock in the distribution of dividends and often of assets.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun 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.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights