deferred share
noun [ C ]
STOCK MARKET ukusa type of share where the dividend (= part of a company's profits) does not have to be paid until payments have been made on all other shares:
The directors receive their cash compensation in deferred share units, an instrument designed to mirror the increases and declines of a company's stock.
a type of share where the dividend (= part of a company's profits) does not have to be paid until a future date:
The National Association of Pension Funds objects to the fact that the deferred shares are paid out regardless of the performance of the company over the intervening three years.