noncumulative
adjective
                                                                                                                            
                                                            non·cu·mu·la·tive
                    
                                                                                                              
                                                                                                                                  ˌnän-ˈkyü-myə-lə-tiv  
                                                                                                                              
            -ˌlā-
                                                      
                                                          
                                
              
          
                                                      : not cumulative                                      
                
                                
            especially,                finance                
          
                                                      : not entitled to future payments of dividends or interest passed when normally due                                       
              
                             
            noncumulative stock    
                                       noncumulative income bonds    
                         
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  Merriam-Webster unabridged




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