noncumulative

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

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

Origin of noncumulative

1
First recorded in 1905–10; non- + cumulative

Words Nearby noncumulative

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023