Examlex
When Alvin is given three things to do, he only does the last task because he usually forgets the first two. His problem could be identified as
Noncumulative
Describes preferences or rights that do not carry over or accumulate if they are not used within a certain period.
Nonparticipating
In the context of insurance or preferred stock, referring to policies or shares that do not entitle the holder to share in profits beyond a specified amount.
Stockholders
Individuals or entities that own shares in a corporation, thus holding an ownership stake.
Dividends in Arrears
Dividends on cumulative preferred stock that have not been paid in the period they were due, accumulating until paid by the corporation.
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