Noncumulative preferred stock

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Noncumulative preferred stock is preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Noncumulative preferred stock. Preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared.

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