noncumulative

[non-kyoo-myuh-luh-tiv, -ley-tiv]

adjective

of or relating to preferred stock the dividends of which are skipped and not accrued.

Origin of noncumulative

First recorded in 1905–10; non- + cumulative

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018