NONCUMULATIVE PREFERRED STOCK
\nˌɒnkjˈuːmjʊlətˌɪv pɹɪfˈɜːd stˈɒk], \nˌɒnkjˈuːmjʊlətˌɪv pɹɪfˈɜːd stˈɒk], \n_ˌɒ_n_k_j_ˈuː_m_j_ʊ_l_ə_t_ˌɪ_v p_ɹ_ɪ_f_ˈɜː_d s_t_ˈɒ_k]\
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A type of stock that does not require the company to pay a dividend to the shareholder due to a failure to meet the financial benchmark. In the event of a missed dividend payment, the shareholder is not entitled to receive the payment at a later date.
By Henry Campbell Black
Nearby Words
- nonconvulsive generalized seizure disorder
- noncooperation
- noncritical
- noncrucial
- noncrystalline
- NONCUMULATIVE PREFERRED STOCK
- noncupative will
- noncurrent
- noncyclic
- noncyclical
- nonda