noun
deferred stock
A type of stock that receives dividends or liquidation proceeds only after other classes of stock have been paid. Used in corporate finance contexts.
後配株は、普通株よりも配当の優先順位が低い。
Deferred stock has a lower dividend priority than common stock.
Compound of 後配 (こうはい, 'later distribution') and 株 (かぶ, 'stock'). The term reflects the deferred nature of dividend and asset distribution.