Examlex
Which of the following statements is false?
Non-cumulative
A term, often referring to preferred shares or dividends, indicating that if a dividend is not declared, it does not accumulate and is not owed in future periods.
Participating
In the context of financial securities, participating refers to the characteristic of a security that allows its holder to receive additional dividends or profits beyond a specified amount.
Non-cumulative Preferred Stock
A type of preferred stock where dividends are not accumulated if they are not declared.
Par Value
The nominal or face value of a stock or security at issuance, which may not reflect its actual market value.
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