Cumulative Preferred Share

From Open Risk Manual

Definition

Cumulative Preferred Share. A preferred share whose dividends, if not paid due to insufficient earnings or other reasons, accumulate until paid out

These dividends have precedence over ordinary dividends which cannot be paid until any cumulative dividend obligations have been paid.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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