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Cumulative share, cumulative preferred share

术语含义 Cumulative share, cumulative preferred share

(from Lat cumulatio - increase) - a share on which there is an accumulation of unreceived dividends; preferred share, the owner of which can be paid dividends accumulated over a number of years when the issuing company could not pay them due to poor financial condition. The debt must be fully repaid before the payment of dividends on the company's ordinary shares.

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