restricted surplus

A surplus with a limited or restricted use; esp., the portion of retained earnings that cannot be distributed as dividends.

• The restriction is usu. due to preferred dividends in arrears, a covenant in a loan agreement, or some decision of the board of directors. See retained earnings under EARNINGS.

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词条贡献者

资深译员大智，毕业于美国一流的高级翻译学院，专注翻译各种与复杂诉讼有关的法律文件。