deferred stock; junior stock
Finance term for shares that rank lower in priority for dividends or liquidation proceeds compared to other classes of stock. Also known as 後配株.
See also: 後配株
Deferred stock has a lower dividend priority than common stock.
Preferred stock, which has higher priority than deferred stock for dividends and assets.
Common stock, which typically ranks between preferred stock and deferred stock in priority.
Compound of 劣後 (retsugo, 'subordination, lower priority') + 株 (kabu, 'stock, share').