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noncumulative

[non-kyoo-myuh-luh-tiv, -ley-tiv] /nɒnˈkyu myə lə tɪv, -ˌleɪ tɪv/
adjective
1.
of or pertaining to preferred stock the dividends of which are skipped and not accrued.
Origin
1905-1910
1905-10; non- + cumulative
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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