Examlex
Find the absolute value.
Profits
Profits represent the financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the operation.
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.
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