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LSDefine

Simple English definitions for legal terms

cumulative stock

Read a random definition: stock association

A quick definition of cumulative stock:

Cumulative stock is a type of preferred stock that must receive its full dividend before common shareholders can receive any dividend. If the corporation skips a dividend payment, it carries over to the next period and must be paid before common shareholders receive any payment.

A more thorough explanation:

Cumulative stock is a type of preferred stock that must receive full dividends before common shareholders can receive any. If the corporation fails to pay a dividend in a particular year, it is carried over to the next year and must be paid before common shareholders receive any payment. This type of stock is also known as cumulative preferred stock.

For example, if a corporation has both common and cumulative preferred stock, and it fails to pay dividends for a year, the cumulative preferred stockholders will receive their dividends before the common stockholders receive any payment.

cumulative sentences | cumulative supplement

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19:34
i'm out of messages btw lol i talked too much unless yall wanna move to off topic ill be there
@Dkk: it’s much different…
babycat
19:36
I feel like getting pregnant 1L year would be a really good bit
19:37
1L or 2nd year of employment seem preferential
babycat
19:40
yeah but that wouldn't really be funny
JumpySubsequentDolphin
19:41
omg I think one of my 1L friends is pregnant but i don’t have evudence
JumpySubsequentDolphin
19:41
she’s Catholic and married tho so she likely does not use birth control
babycat
19:42
I wish I was catholic and married and not using birth control
babycat
19:42
I'm 0 for 3
JumpySubsequentDolphin
19:43
idk 21 and pregnant in law school does not sound idwal
babycat
19:44
pretending I'm Juno from the movie Juno except it's law school and not high school
JumpySubsequentDolphin
19:45
omg I love jason Bateman
babycat
19:45
lowkey that movie happened to me once but without the pregnancy part
JumpySubsequentDolphin
19:46
I’m not sure what part of the plot is left if you take out the pregnancy
Dkk
19:46
I am never gunna watch that movie.
JumpySubsequentDolphin
19:47
why not
babycat
19:47
too quirked up for a guy like him
Dkk
19:47
Yeah somethin like that.
Dkk
19:48
Did it win any awards?
Dkk
19:48
Hmm it won some.
babycat
19:48
yeah it got the Oscar for best writing lol
19:49
@Dkk: I just made a great personal pizza. Wish I could trade for a bowl of lob risotto
Dkk
19:51
Ahh you know I read the plot to that movie. Very sweet but I aint got time for that.
Dkk
19:51
@llama: lmfao, what did you put on the pizza?
JumpySubsequentDolphin
19:51
jason bateman is <3
19:53
7cheese, pepperoni, parm
JumpySubsequentDolphin
19:53
wouldn’t it be 8 cheese
JumpySubsequentDolphin
19:53
parm is a cheese
19:54
Unassuming, but homemade crust. It’s poppin
19:55
Dolph u rite- parm is a hard cheese so it needs to be noted as a standalone
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