Preferred stock whose holder is entitled to receive stated dividends and to share with the common shareholders in any additional distributions of earnings. [Cases: Corporations 156. C.J.S. Corporations § 158.]
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A class of stock giving its holder a preferential claim to dividends and to corporate assets upon liquidation but that usu. carries no voting rights. — Also termed preference shares. Cf. common stock. [Cases: Corporations 156. C.J.S. Corporations § 158.]
Preferred stock that does not give the shareholder the right to additional earnings — usu. surplus common-stock dividends — beyond those stated in the preferred contract. [Cases: Corporations 156. C.J.S. Corporations § 158.]
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non(-)cumulative preferred stock 非累积优先股 当公司本年度盈利不足以支付规定的优先股股息时，在以后年度不予弥补的优先股,亦称「noncumulative stock」。
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preferred stock bailout 〈美〉以优先股为股利 股东为获取长期资本收益且不丧失对公司的投票权控制而使用的优先股的发行、销售以及随后的股利偿付程序。股东实际上能抽取公司利润而不按股利收入处理。《国内税收法典》〔I.R.C.〕将股票销售之优先长期资本收益作为普通收入。在此情况下，普通收入额仅限于当优先股作为股利发行时公司收入或利润分给股东的部分。《1986年税收改革法》〔Tax Reform Act of 1986〕取消了先前对长期资本收益的有利税收处理，从而在实质上改变了《国内税收法》的效果。
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Preferred stock that has preference over another class of preferred stock from the same issuer. • The preference usu. relates to dividend payments or claims on assets. [Cases: Corporations 156. C.J.S. Corporations § 158.]
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cumulative preferred stock 累积优先股 指必须在普通股股东获得分红之前予以支付全部股息的优先股。如果不是每年支付，则未支付的股息逐年累积直至全部支付，且优先于普通股受偿。 (→cumulative dividend)
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Preferred stock that does not have to be paid dividends that are in arrears. • Once a periodic dividend is omitted, it will not be paid. — Also termed noncumulative stock. [Cases: Corporations 156. C.J.S. Corporations § 158.]
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Preferred stock that must receive dividends in full before common shareholders may receive any dividend. • If the corporation omits a dividend in a particular year or period, it is carried over to the next year or period and must be paid before the common shareholders receive any payment. — Also termed cumulative stock; cumulative
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