non-cumulative

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Related to Noncumulative preferred stock: preferred stock
Translations

non-cumulative

[ˈnɒnˈkjuːmjʊlətɪv] ADJno cumulativo
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References in periodicals archive ?
The redemption will include all 5,400 shares of its Fixed Rate Noncumulative Perpetual Preferred Stock, Series D; all 29,900 shares of its Fixed Rate Noncumulative Preferred Stock, Series E; and all 10,000 shares of its Fixed Rate Noncumulative Preferred Stock, Series F; as well as the corresponding Depositary Shares, each representing a 1/1,000th interest in a share of the Preferred Stock.
- 5.80% Noncumulative Preferred Stock, Series C, payable October 22, 2018, to holders of record on October 12, 2018.
The noncumulative preferred stock ratings of The Goldman Sachs
For example, assume that pursuant to a recapitalization a stockholder transfers common stock to a family member and retains noncumulative preferred stock (a noncumulative distribution right under #2 above).
The Tier 1 part of a bank's capital consists mainly of its common stock, retained earnings and noncumulative preferred stock.
Income available to common shareholders is operating income less preferred stock dividends declared for noncumulative preferred stock. For a cumulative preferred stock, current-year dividends are deducted whether declared or not.
However, the court noted that a life estate in noncumulative preferred stock that paid infrequent dividends might have no value.)
Noncumulative preferred stock would offer no such assurance.
is redeeming, in whole, all $575.0 million aggregate liquidation preference of Depositary Shares representing interests in its 5.80% Noncumulative Preferred Stock, Series C.
However, many estate freeze transactions involved the issuance of noncumulative preferred stock. In the absence of a bona fide intention to pay the dividend on the preferred stock, an adjustment (decrease) in the value of the preferred stock was necessary.|10~
Nonqualified senior equity interests (e.g., noncumulative preferred stock, most preferential partnership income and capital rights, and discretionary rights, such as a liquidation, put, call or conversion right) are generally valued at zero in determining the gift tax value of a transferred junior equity interest.