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What's So "Preference" About Preference Shares

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What's so "preference" about preference shares?
Most preference shares do not have voting power, a basic right of ordinary share. Identify two features of most preference shares that justify or support use of the term preference in describing these types of share issues.


Definitions:

Argument Mapping

A visual representation of the structure of an argument, showing the relationship between premises and conclusions, to clarify reasoning and evidence.

Analytical Skills

The ability to collect and analyze information, solve problems, and make decisions based on the available data.

Assertion

A confident and forceful statement of fact or belief, presenting one's stance or viewpoint unequivocally.

Assumption

A thing that is accepted as true or as certain to happen, without proof.

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