Cumulative Zoning

Business / Real Estate / Cumulative Zoning: Zoning that allows more restrictive uses. For example, a lot zoned for a multi-family dwelling would allow a single-family home if the zoning were cumulative.

Noncumulative

Business / Finance / Noncumulative: Applies mainly to convertible securities. Type of preferred stock on which unpaid or omitted dividends do not accrue. Omitted dividends are, as a rule, gone forever. MORE

Noncumulative Preferred Stock

Business / Finance / Noncumulative Preferred Stock: Preferred stock whose holders must forgo dividend payments when the company misses a dividend payment. Related: Cumulative preferred stock. MORE

Incentive Zoning

Business / Real Estate / Incentive Zoning: Zoning that offers incentives to developers, such as retail shops on the first floor of multistory office buildings if a plaza for public use is included. MORE

Exclusionary Zoning

Business / Real Estate / Exclusionary Zoning: Zoning that excludes stated uses. MORE

Downzoning

Business / Real Estate / Downzoning: A change in zoning from a higher to a lower classification or from a more active to less active classification, such as from residential to conservation, or multifamily to single-family use. In these MORE

Noncumulative Zoning

Business / Real Estate / Noncumulative Zoning: Zoning that allows only the stated use and not more restrictive uses. MORE

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