noncumulative preferred stock
Preferred stock that does not have to be paid dividends that are in arrears.
? Once a periodic dividend is omitted, it will not be paid.
¡ª Also termed noncumulative stock. [Cases: Corporations 156. C.J.S. Corporations ¡ì 158.]
How would a bilingual lawyer translate the term noncumulative preferred stock into Chinese?
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