noncumulative


Also found in: Financial.

noncumulative

(ˌnɒnˈkjuːmjʊlətɪv)
adj
(Banking & Finance) finance (of stock) not accruing unpaid dividends
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
8, 2019, $1.150 billion issuance of 5.10% Fixed Rate Noncumulative Perpetual Preferred Stock, Series H, to fund the redemption.
A quarterly cash dividend of USD13.75 per share was declared on the company's noncumulative perpetual series D preferred stock (NYSE:FRCPrD) that equals USD0.343750 per depositary share; USD14.25 per share on its noncumulative perpetual series F stock (NYSE:FRCPrF) which equals USD0.356250 per depositary share; USD13.75 per share on its noncumulative perpetual series G stock (NYSE:FRCPrG) that equals USD0.343750 per depositary share; USD12.8125 per share was declared on its non cumulative perpetual series H stock (NYSE:FRCPrH) that equals USD0.3203125 per depositary share; and USD13.75 per share on its noncumulative perpetual series I stock (NYSE:FRCPrI E) that equals USD0.343750 per depositary share.
A quarterly cash dividend of $13.75 per share was declared on its Noncumulative Perpetual Series D Preferred Stock.
A2 (hyb) trust preferred vehicles and B1 (hyb) noncumulative preferred
And we also learned from Smith's email that of the $13.2 million of preferred stock, $10 million of that is held as Noncumulative Perpetual Series A Preferred Stock that was placed in March 2006 by Bear Stearns & Co.
Monarch Financial Holdings Inc (NASDAQ: MNRK), the holding company for Monarch Bank with nine banking offices in Virginia, has said that its board has declared a regular quarterly cash dividend of USD0.4875 per share on its 7.80 percent Series-B Noncumulative Convertible Preferred Stock.
Such "noncumulative" manufacturing zones (that is, zones that do not allow the "cumulation" of uses less noxious than industry in manufacturing zones) bar housing in a considerable part of New York City.
(But for a limited, noncumulative power to withdraw, see Q 681.) With respect to community property insurance, however, one-half of the proceeds belongs to the noninsured spouse.
A noncumulative distribution right, or one that lacks preference upon liquidation, is valued at zero unless a "qualified payment" election is made.
The irrevocable trust gave the husband a noncumulative power to withdraw each calendar year, from the principal of the trust, an amount not to exceed the greater of $5,000 or 5% (the "five-or-five" power) of the then aggregate market value of all property included in the trust.
She was enticed to the trust income for life and a noncumulative annual right to withdraw the greater of $5,000 or 5% of the trust corpus.