Examlex
The third wave of democratization began with the
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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