Definitions for "Deferred Shares"
Shares which do not currently rank for dividend.
Shares that do not receive income either for a set period or until share income reaches a certain level.
Part of the ordinary capital of a company, these shares have exactly the same rights as ordinary shares with the exemption that they do not get a divident until certain conditions are met; for example, until after a specified date in the future or unless a certain level of profitablity is reachable.