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.




cumulative is ...
... part of the
Accounting subject.


Related Terms

cumulative dividend -  More
cumulative preferred -  More
payout period -


cumulative appears in these other terms

cumulative total return, cumulative voting


cumulative appears in the definitions of these other terms on BusinessDictionary.com

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