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What is the difference between ordinary share & preference share?
|Ordinary Shares||Preference Shares||Loan|
|Priority claims against company assets||Last||Second||First|
|Classification||Paid up capital||Paid up capital||Liabilities|
|Return||Not fixed||Fixed / Not fixed (optional)||Fixed|
|Exit||Transfer to others or buy back by company||Redemption or conversion to ordinary shares upon maturity||Settlement|