Examlex
What is one reason why the divorce rate increased until the 1970s?
Cumulative
Describing a total that includes all amounts accumulated over a period of time, often used in the context of dividends that are accrued and paid at a later date.
Nonparticipating
Typically refers to insurance policies or investment plans where the holder does not share in profits or dividends beyond specified benefits.
Par Value
The nominal or face value assigned to a share of stock or a bond by the issuer.
Noncumulative
A type of preferred stock on which dividend payments are not accumulated if they are not declared.
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