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TeachMeFinance.com - explain Ordinary stock historic definition... Ordinary stock -- Common or general stock . In Great Britain when an ordinary (common) stock has been divided into two parts one part, called deferred, receives no dividend until the other part, called preferred, has received a dividend at a fixed rate. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.