noncumulative dividends

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- cumulative preferred stock, once passed or omitted, are dead; can never be made up. Guttmann v Illinois Cent. R. Co. (CA2) 189 F2d 927, 27 ALR2d 1066.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • 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 — 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 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

  • ДИВИДЕНДЫ НЕКУМУЛЯТИВНЫЕ — NONCUMULATIVE DIVIDENDSДивиденды по некумулятивной привилегированной акции. Если дивиденды не выплачиваются в установленные сроки в связи с низкими доходами, они не считаются задолженностью и корпорация не обязана производить их выплату в… …   Энциклопедия банковского дела и финансов

  • non culpabilis — /non kalpeybalas/ In pleading, not guilty. It is usually abbreviated non cul. Noncumulative dividends. Commonly incident to preferred stock if a dividend is passed (not paid) in a particular year or period; such passed dividends are gone forever… …   Black's law dictionary

  • non culpabilis — /non kalpeybalas/ In pleading, not guilty. It is usually abbreviated non cul. Noncumulative dividends. Commonly incident to preferred stock if a dividend is passed (not paid) in a particular year or period; such passed dividends are gone forever… …   Black's law dictionary

  • tier 1 capital — A regulatory definition of bank capital. Tier 1 capital consists of common shareholders equity, perpetual preferred shareholders equity with noncumulative dividends, retained earnings, and minority interests in the equity accounts of consolidated …   Financial and business terms

  • stock — The goods and wares of a merchant or tradesman, kept for sale and traffic. In a larger sense, the capital of a merchant or other person, including his merchandise, money, and credits, or, in other words, the entire property employed in business.… …   Black's law dictionary

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