Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Nonparticipating
adj. Of or relating to not taking part in something; specif., not sharing or having the right to share in profits or surpluses. - Often shortened to nonpar. nonparticipating preferred stock. See STOCK.
nonparticipating preferred stock
Preferred stock that does not give the shareholder the right to additional earnings - usu. surplus common-stock dividends - beyond those stated in the preferred contract.