This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

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v. Present participle of prefer.

prefered    prefering    preferiti    preferred    preferring    prefers   

pay    like   

preferred stock    preferred creditor   

preferring    preferred   

cop out    opt out   

preference    preferential   

elect    choose    outrank    surpass    raise    exalt    promote    present    chooser    advanced   

Burr    Fleur    Fur    Kerr    Monsieur    Shir    Sir    Spur    Thur    Ur   

only    proper    nice    popular