NONCUMULATIVE


Meaning of NONCUMULATIVE in English

/non kyooh"myeuh leuh tiv, -lay'tiv/ , adj.

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

[ 1905-10; NON- + CUMULATIVE ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .