What Is the Significance of the Term "Preferred" in Reference

What is the significance of the term "preferred" in reference to the term "preferred stock?"

A) It is generally considered to be a worse investment than common stock.
B) Preferred stockholders usually have greater voting rights than common stockholders.
C) In the event of corporate liquidation, holders of common stock are paid before holders of preferred stock.
D) In the event of corporate liquidation, preferred stockholders receive certain preferences over common stockholders with respect to dividends or assets.
E) Only shareholders owning a certain minimum amount of common stock are entitled to purchase preferred stock.