This is preference shares where a predetermined dividend is paid to the shareholders yearly. These shares do not normally have voting rights but do give greater protection if the company fails.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.