What are Cumulative and non cumulative preference shares?

non cumulative shares are those shares which do not get previouse dividends due to company's bad financial position. for example, if they were suppose to get dividend @10% last year, but could not...

cumulative preference shares are those shares which get dividends for the current year and for the all previouse years if they were not paid due to the bad position of the compnay. suppose compay was...

comulative risks are related risks that increase with each added risk. An example is using a cell phone while driving.

turn around

sum of all the interest paid during certain period of time.