A stock for which, if the board of directors
of the company does not declare a dividend for preferred stockholders in a
particular year, the company has no obligation to make up a missed dividend in
"non-cumulative preferred stock." YourDictionary, n.d. Web. 15 October 2018. <http://www.yourdictionary.com/non-cumulative-preferred-stock>.
non-cumulative preferred stock. (n.d.). Retrieved October 15th, 2018, from http://www.yourdictionary.com/non-cumulative-preferred-stock
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