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cumulative preference share

Line breaks: cu¦mu|la¦tive pref¦er|ence share

Definition of cumulative preference share in English:

noun

A preference share whose annual fixed-rate dividend, if it cannot be paid in any year, accrues until it can.
Example sentences
  • Shares could also be issued, for example cumulative preference shares with a dividend calculated to reflect the amount of interest and principal received.
  • According to the notice, the redeemable cumulative preference shares are redeemable not later than 20 years from the date of allotment.
  • The nominal value of each cumulative preference share changed to 0.12 Euros.

Definition of cumulative preference share in:

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