With an implicit taxpayer guarantee, such companies will be able to raise funds at a preferential rate, reducing available financing for more dynamic companies.

Residents will have access to the golf course at a preferential rate, including a 20% pre-opening discount, a birdie book and drinks.

In addition to the free shares, members will be able to buy additional shares at a preferential rate.

To avoid the income criteria, but provide repayment surety, could borrowers not deposit, say, two years' repayments up front to secure a preferential rate and renew as required?

Long term capital gains are generally taxed at a preferential rate in comparison to ordinary income.

All but a handful have removed bans on redeeming capital and have dropped preferential terms for elite customers.

The shares have soared from an issue price of 230p (or 218.5p for policyholders given preferential terms) to about 340p.

Labour yesterday denied that 14 million in loans it received from wealthy backers were on preferential terms.

Shop around to find preferential terms, some for up to three years after graduation.

It raises money from other investors on preferential terms, pays its executives barrowloads of cash when performance has been poor, or even involves itself in legally questionable activities.