NONPARTICIPATING
\nˌɒnpɑːtˈɪsɪpˌe͡ɪtɪŋ], \nˌɒnpɑːtˈɪsɪpˌeɪtɪŋ], \n_ˌɒ_n_p_ɑː_t_ˈɪ_s_ɪ_p_ˌeɪ_t_ɪ_ŋ]\
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The sale of preferred stock by the company is considered a 'nonparticipating' investment. The stockholder is eligible for dividend payments and the cost to initiate the fund, in addition to receiving the price of the current stock value.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.