noncumulative

adjective
non·​cu·​mu·​la·​tive | \ˌnän-ˈkyü-myə-lə-tiv, -ˌlā-\

Definition of noncumulative 

: not cumulative especially, finance : not entitled to future payments of dividends or interest passed when normally due noncumulative stock noncumulative income bonds

First Known Use of noncumulative

1889, in the meaning defined above

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The first known use of noncumulative was in 1889

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