Dishonored. Said

when acceptance of a bill of exchange (draft) is refused on presentation; or when payment of a bill: of exchange or promi ory note is refused at maturity. Disme. Former spelling of dime, the silver coin of the United States worth to cents; see Dime.. Di olution. The annulment of a contract; also the ending of a partnership or a corporate existence. Dividend. A profit paid to a holder of stock. A cash dividend is one payable in cash, that is, by check which calls for cash; a scrip dividend is one payable in scrip, or in other words, a due bill, usually bearing interest at the legal rate and usually convertible into stock, but having no voting power and entitled to no dividend until converted into stock; a stock dividend is one payable in the stock of the company which declares such a dividend or occasionally in the: stock of a company owned by it; a cumulative dividend is a dividend which if not paid regularly or in full accumulates and must be paid in the future; a non-cumulative dividend is a divi-: dend that does not accumulate and therefore if not paid regularly or in full has not to be paid in the future; accumulated dividends are cumulative dividends past due; accrued dividend: is the proportion of a regular dividend not yet payable that has accumulated at a given time after the date of payment of the 2 last preceding dividend. A cash dividend is sent by check to the post office addre of the owner of the stock. Due notice of change of addre should, therefore, be given. The old addre should be given as well as the new one.: When a dividend is paid on a stock during the pendency of a: contract for the sale of the stock the seller of the stock receives j ww = the dividend and pays it to the buyer of the stock on the settlement of the contract, together with interest on it. 170