Thomas Davidson,
Chambers's Twentieth Century Dictionary 1908…
(1908)
“ Prefer′ment, the act of preferring: the state of being preferred or advanced: advancement to a higher position: promotion: superior place, esp. in the church; Prefer′rer, one who prefers.—Preference shares, or stock, shares or stock on which the dividends must be paid before those on other kinds. [Fr. préférer—L. præferre—præ, before, ferre, to bear.] ”
