cumulative preferred
Definition
Preferred stock on which dividends accrue in the event that the issuer does not make timely dividend payments. Most preferred stock is cumulative preferred. opposite of non-cumulative preferred.
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Related Terms
cumulative dividend
'cumulative preferred
' appears in the definitions of these terms on BusinessDictionary.com
adjustable rate preferred (ARP) stock, cumulative dividend preference, accumulated dividend, cumulative preference shares
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