noncumulative preferred stock

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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词条贡献者

法律翻译Lester，毕业于英国一流的高级翻译学院，专注翻译各类与消费者与零售产品有关的法律文件。