2. Adjective. (finance) Not having an accumulating right to receive dividends unpaid in previous periods. ¹
¹ Source: wiktionary.com
Definition of Noncumulative
1. [adj]
Lexicographical Neighbors of Noncumulative
Literary usage of Noncumulative
Below you will find example usage of this term as found in modern and/or classical literature:
1. Risk-Based Capital: Regulatory & Industry Approaches to Capital & Risk by Lawrence D. Cluff (2000)
"Core capital includes common stockholders' equity, noncumulative perpetual ...
Dividends are not cumulative for noncumulative perpetual preferred stock. ..."
2. Banking and Business by Henry Parker Willis, George William Edwards (1922)
"In this respect preferred stock may be classified as cumulative or noncumulative.
The former gives the holder considerable assurance of the ultimate payment ..."
3. Cotton Yarn: Import and Export Trade in Relation to the Tariff by United States Tariff Commission, William Alexander Graham Clark, Henry Chalmers, Blanche C. Howlett (1920)
"CUMULATIVE OR noncumulative DIFFERENTIALS. ... The differentials levied in the
last four tariff acts have been noncumulative with the sole exception that ..."
4. Employee Benefits in Medium and Large Private Establishments, 1991 by DIANE Publishing Company (1994)
"On average, noncumulative plans provided a greater number of days per year ...
After 1 year of service, for example, noncumulative plans provided 15.8 days ..."
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