noncumulative

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

Definition of noncumulative

: not cumulative; especiallyfinance : not entitled to future payments of dividends or interest passed when normally due
  • noncumulative stock
  • noncumulative income bonds

First Known Use of noncumulative

1889


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