Simple past tense and past participle of prefer. (verb)
Preferred stock. (noun)
Examples of word preferred
It really gave one quite a shock to realise _how_ grown-up the old companions had become even the brothers Harry and Russell were transformed into tall striplings who bought newspapers on their own account, and preferred, actually _preferred_, to be clean rather than dirty!
Eviscerate is the term preferred by feminists and other right-minded people to emasculate, as it is gender neutral and has the added advantage of not insulting those of us who are non-masculine by nature.
She also referred to the South China Sea as the West Philippine Sea, a term preferred in the Philippines but reviled in China.
In his 2009 greeting, he became the first U.S. President to refer to the "Islamic Republic of Iran," the name preferred by the country's ruling clerics.
Similarly, “negro”, the term preferred by Martin Luther King and Thurgood Marshall, probably fell out of favor because of its superficial similarity to the n-word just like “niggardly”.
Even if I thought that I had some moral or good manners responsibility to use the label preferred by a strong majority of the group, I see no basis for accepting such a responsibility to use the label preferred by a vocal minority, or even half of thegroup.
Mysteries abound, in large part because Cassandra's inherited skill as a dowser the term preferred by those who discover objects with the help of a Y-shaped divining rod helps her uncover truths others would rather keep buried.