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noncumulative

 - 2 dictionary results

non⋅cum⋅u⋅la⋅tive

  [non-kyoo-myuh-luh-tiv, -ley-tiv]
Use noncumulative in a Sentence
–adjective
of or pertaining to preferred stock the dividends of which are skipped and not accrued.
Origin:
1905–10; non- + cumulative
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

noncumulative

Of or relating to a relatively unusual kind of preferred stock on which missed dividends do not have to be made up. Compare cumulative.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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