Business / Real Estate / Cumulative Zoning
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: 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.
Noncumulative Preferred Stock: Preferred stock whose holders must forgo dividend payments when the company misses a dividend payment. Related: Cumulative preferred stock.
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.
Exclusionary Zoning: Zoning that excludes stated uses.
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. . . . View Full Definition
Noncumulative Zoning: Zoning that allows only the stated use and not more restrictive uses.
Partial Zoning: Zoning that does not consider its effect on other areas.
Zoning Ordinance: An exercise of police power by a municipality to regulate and control the character and use of property.
Zoning Variance: A zoning variance permits a change in the specifications required by the zoning ordinance.