1 (often foll. by to, or to + infin.) choose rather; like better (would prefer to stay; prefers coffee to tea).
2 submit (information, an accusation, etc.) for consideration.
3 promote or advance (a person).
Phrases and idioms:
preferred shares (or stock) = preference shares or stock.
Etymology: ME f. OF preferer f. L praeferre (as PRAE-, ferre lat- bear)
Useful english dictionary. 2012.