noncumulative


noncumulative
adj. does not accumulate, does not collect

English contemporary dictionary. 2014.

Look at other dictionaries:

  • noncumulative — [spelling only] …   English World dictionary

  • Noncumulative — A type of preferred stock that does not pay the holder any unpaid or omitted dividends. If the corporation chooses to not pay dividends in a given year, the investor does not have the right to claim any of those forgone dividends in the future.… …   Investment dictionary

  • noncumulative — (ˈ) ̷ ̷ at non + adjective Etymology: non (I) + cumulative : not entitled to future payments of dividends or interest passed when normally due noncumulative stock noncumulative income bonds * * * /non kyooh myeuh leuh tiv, lay tiv …   Useful english dictionary

  • noncumulative — /non kyooh myeuh leuh tiv, lay tiv/, adj. of or pertaining to preferred stock the dividends of which are skipped and not accrued. [1905 10; NON + CUMULATIVE] * * * …   Universalium

  • noncumulative — adjective a) Not cumulative. b) Not having an accumulating right to receive dividends unpaid in previous periods …   Wiktionary

  • noncumulative — Applies mainly to convertible securities ( convertible security). Type of preferred stock on which unpaid or Omitted dividends do not accrue. Omitted dividends are, as a rule, gone forever. Bloomberg Financial Dictionary …   Financial and business terms

  • noncumulative — non·cumulative …   English syllables

  • noncumulative voting — Also called straight voting , such voting rights limit a shareholder to voting no more than the number of shares he owns for a single candidate. In noncumulative voting, a majority shareholder will elect the entire board of directors Compare… …   Black's law dictionary

  • noncumulative preferred stock — preferred stock whose holders must forgo dividend payments when the company misses a dividend payment. Related: cumulative preferred stock. Bloomberg Financial Dictionary …   Financial and business terms

  • noncumulative dividends — Dividends on preferred stock which do not cumulate upon omission of payment so as to require payment of a passed or omitted dividend of one year out of earnings of a following year. 19 Am J2d Corp § 878. The term means that dividends on non… …   Ballentine's law dictionary


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