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 |
| Voting rights | Yes | No | No |
| 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 |