What type of stock is described as not giving any special preferences?

The type of stock described as not giving any special preferences is common stock. Common stockholders are essentially the owners of the company and have voting rights, allowing them to influence corporate governance through decisions made at shareholder meetings.

Common stock does not typically offer any preferential treatment regarding dividends or the distribution of assets in the event of liquidation. Unlike preferred stock, which typically has fixed dividends and a higher claim over assets, common stock does not guarantee dividends and is at a greater risk when it comes to asset recovery if the company faces financial difficulties.

Additionally, while convertible stock refers to a type of security that can be converted into a different form, such as common stock, and restricted stock usually refers to shares that are not fully owned by the shareholder until certain conditions are met, neither of these categories aligns with the idea of having no special preferences as clearly as common stock does. Therefore, the definition of common stock, in this case, accurately represents the stock type that does not entail any special preferences.