Why is "preferred" stock given that name?

Question $12$ options:

$1)$

Preferred stockholders have preferential treatment over common stockholders; they're usually paid first, normally with a fixed dividend rate, sometimes having no voting rights.

$2)$

It's stock that's preferred by investors because of its high performance and the fact that it's in the S&P $500$ and other stock market indexes.

$3)$

Despite its deceptive name, preferred stock is actually a special kind of debt with a AAA rating, and the debt holders can vote in stockholder elections.

$4)$

While all stockholders have rights to dividends, preferred stockholders also can vote on changes to the corporate charter and can vote to hire and fire executives, whereas common stockholders can't.