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Definitions for
"Noncumulative"
Keywords:
forever
,
omitted
,
accrue
,
unpaid
,
dividends
Applies mainly to convertible securities. Type of preferred stock on which unpaid or omitted dividends do not accrue. Omitted dividends are, as a rule, gone forever.
getfolio.com
A type of preferred stock on which unpaid dividends do not accrue. Omitted dividends are, as a rule, gone forever. (See: Cumulative preferred)
rjf.com