deferred ordinary share

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1 A type of ordinary share, formerly often issued to founder members of a company, in which dividends are only paid after all other types of ordinary share have been paid. They often entitle their owners to a large share of the profit.

2 A type of share on which little or no dividend is paid for a fixed number of years, after which it ranks with other ordinary shares for dividend.

Subjects: Financial Institutions and Services.

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