Zero-Dividend Preferred Stock which are also referred to as capital shares, come with attributes of bonds and shares and do not pay a dividend to its holder. In such a scenario, the holder of Zero-Dividend Preferred Stock generates income through capital appreciation in the value of the stock, usually when the holder receives one-time payment at the end.

Related Definitions

Fast Track Designation
Unlimited Liability
Quotation
Funds Transfer Pricing (FTP)
Red Herring