Preferred
"Preferred" refers to something that is favored or chosen over other options. It often indicates a preference for a specific choice based on personal taste, experience, or criteria. For example, a person may have a preferred brand of coffee that they enjoy more than others.
In various contexts, "preferred" can also describe a status or level of importance. In finance, for instance, preferred stock is a type of equity that typically provides dividends before common stockholders receive theirs. This status often comes with certain advantages, such as priority in asset distribution during liquidation.