In a closed primary, only persons who are registered members of a political party may vote the ballot of that political party. What does preference mean? adjective. Up one’s alley is currently the more common American expression; up one’s street is more frequently heard in Britain. Redeemable preference shares are those shares where the issuer of the share has the right to redeem the shares within 20 years of the issuance at pre-determined price mentioned in the prospectus at the time of issuance of preference shares and before redeeming such shares the issuer shall assure that redeemable preference shares are paid up in full and all the conditions specified at … Preference shares generally do not carry voting rights. No preference means your client doesn't mind which provider they get for their service. Top definition. The practice of executing trades and other transactions by means other than the open market.For example, if one