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Nonparticipating
A term used to describe policies or investments that do not share in the profits or surplus of a company, such as nonparticipating life insurance policies that do not pay dividends.
Non-cumulative
Refers to types of shares or dividends that do not accumulate or carry over unpaid dividends into future periods.
Non-cumulative
Describes preferred stocks where dividends not declared in a given period do not accumulate and are not required to be paid in the future.
Nonparticipating
In insurance, refers to a policy that does not entitle the policyholder to share in the surplus profits of the insurer.
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