Examlex
JIT stands for:
Cash
Money in the form of bills or coins, available for transactions or banking.
Nonparticipating
A term typically used in insurance, referring to policies that do not entitle the policyholder to share in the insurer's surplus or profits.
Cumulative
A term referring to an attribute of financial items (like dividends) that accumulate over time until they are paid or settled.
Preferred Stock
A class of stock with preferential rights over common stock, often including fixed dividends and priority in assets upon liquidation.
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