Examlex
A ____ usually results from a bad NIC.
Cumulative
Refers to something increasing in quantity, degree, or force by successive additions, often used in the context of cumulative dividends or interest.
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.
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