cumulative
Definition
An arrangement in which a payment not made when due is carried over to the following period. In business, this usually refers to payments to preferred stockholders and bondholders. If these payments are not made in the period in which they are incurred, then they accrue to the preferred stock or bond holder. Before any payments are made to common stockholders, the preferred stockholders and bondholders must be paid.
 Cite this definition
'cumulative
' appears in the definitions of these terms on BusinessDictionary.com learning curve, maintenance ratio, cumulative preferred stock, cumulative reach, revolving letter of credit (L/C), and 
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