Examlex
Explain the value and characteristics of effective team goals.
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.
Nonparticipating
In insurance, refers to a policy that does not entitle the policyholder to share in the surplus profits of the insurer.
Participating
In finance, it often refers to securities or policies that allow owners to receive dividends, or share in profits beyond a specified amount.
Cumulative
Refers to something increasing in quantity, degree, or force by successive additions, often used in the context of cumulative dividends or interest.
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