preference

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preference

1. Law
a. the settling of the claims of one or more creditors before or to the exclusion of those of the others
b. a prior right to payment, as of a dividend or share in the assets of a company in the event of liquidation
2. Commerce the granting of favour or precedence to particular foreign countries, as by levying differential tariffs
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in classic literature ?
"I prefer my own native land to France," replied the duke; "but if your majesty were to ask me which of the two cities, London or Paris, I should prefer as a residence, I should be forced to answer, Paris."
Miller, I had indeed to go campaigning before, but I was barbed from counter to tail, and a man went along to groom me; and now I cannot understand what ailed me to prefer the mill before the battle." "Forbear," said the Miller to him, "harping on what was of yore, for it is the common lot of mortals to sustain the ups and downs of fortune."
But Philip saw that he was suffering, and at the end of the hour asked whether he would not prefer to give no more lessons till he was better.
For about the fifth time he then proposed the Heir at Law, doubting only whether to prefer Lord Duberley or Dr.