non-cumulative preferred

Definition

Preferred stock for which unpaid dividends do not accrue. opposite of cumulative preferred.

Use this term in a sentence

You should try and figure out a way to get a good price on a non-cumulative preferred stock and hold on to it.

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It was non-cumulative preferred and that was something that interested me a lot and I knew that unpaid dividends did not accrue.

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The non-cumulative preferred nature of the security made it less attractive to the investor who greatly appreciated regular dividend disbursement.

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noncumulative noncurrent asset