👉 Preferral is a term used in business and finance to refer to an agreement or arrangement where one party is willing to make a payment to another party before they have received all of the benefits promised. This can occur if there are some conditions that need to be met, such as meeting certain financial goals, purchasing specific assets, or receiving certain services. In the context of preferral agreements, the parties involved may negotiate terms and conditions before making final payments, which can lead to a more favorable outcome for
