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{%type%} Definitions

WordNet 3.0Copyright Princeton University


Short "hint"

Not entitled to future payment of dividend or interest passed when normally due; Not continuing.

Usage examples (23)
  • In a smaller number of contracts in which the Treasury got so-called noncumulative preferred stock, the bank can skip dividend payments without penalty.
  • "noncumulative" -- meaning that the company can skip dividend payments without the obligation to make up the difference later.
  • Freddie has decided to issue only perpetual, noncumulative preferred stock in the offering, this person said.
  • With noncumulative preferred stock, if the issuer skips a dividend payment, there is no obligation to make up for that later. for more
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