noncumulative

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

Definition of noncumulative

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

1889

First Known Use of noncumulative

1889


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