Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • adj. Not cumulative.
  • adj. Not having an accumulating right to receive dividends unpaid in previous periods.

Etymologies

Sorry, no etymologies found.

Examples

  • In a smaller number of contracts in which the Treasury got so-called noncumulative preferred stock, the bank can skip dividend payments without penalty.

    Three Banks Suspend Their TARP Dividends

  • "noncumulative" -- meaning that the company can skip dividend payments without the obligation to make up the difference later.

    Business and financial news - CNNMoney.com

  • Fannie and Freddie's response to their capital crises was to issue a ton of new "noncumulative preferred stock" -- a somewhat arcane security that, along with common stock, qualifies as "core" capital.

    How Fannie And Freddie Unloaded Their Trash

  • Similarly, Fannie Mae issued $9 billion in new noncumulative preferred stock in 2007.

    How Fannie And Freddie Unloaded Their Trash

  • In Brief Reports Citi Stake In a Securities and Exchange Commission filing, the Government of Singapore Investment Corp. reported a passive 5.3% stake in Citigroup Inc., or a beneficial stake of 303.8 million shares, including 261 million shares into which 137,600 shares of 7% noncumulative convertible preferred stock may be converted.

    Singapore Fund

  • While normal scientific work is highly cumulative, acquiring a new paradigm is a noncumulative scientific change, a rupture, a break from the past.

    Scientific Revolutions

  • Of the 662 institutions in which Treasury had invested TARP capital as of the end of July, about 82 pay noncumulative dividends, meaning they are never liable for dividends they don't declare or pay for a particular quarter.

    TARP Collections Reach $7.3 Billion

  • The ratings firm is mulling an upgrade for both its B3 ratings on the noncumulative preferred securities issued by Bank of America and its Ba3 rating on the cumulative preferred securities issued by its preferred funding unit.

    Moody's May Upgrade BofA Preferred Shares

  • To conserve capital, IndyMac said it will defer interest payments on trust preferred securities issued by the holding company and suspend dividends on noncumulative, perpetual preferred stock issued by IndyMac Bank, its savings-and-loan subsidiary.

    IndyMac Weighs Raising Capital as It Posts Loss

  • Specifically, Bank of America priced $6 billion in depositary shares representing an interest in shares of noncumulative perpetual preferred stock.

    BofA Expects to Raise $12 Billion

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