Noncumulative Preferred Stock Law and Legal Definition
Noncumulative preferred stock is a class of preferred stock for which unpaid dividends do not accrue. Once a periodic dividend is omitted, it will not be paid. This is also termed as noncumulative stock.
Legal Definition list
- Noncumulative Perpetual Preferred Stock
- Noncourt Receiver
- Nonconvertible Foreign Currency [Internal Revenue]
- Nonconvertible Debt
- Noncontribution Clause
- Noncumulative Preferred Stock
- Noncumulative Voting
- Noncustodial Parent
- Nondegradation Standard
- Nondelegation Doctrine
- Nondemocratic Country or Democratic Transition Country
