cumulative preference share
noun[C]
ukus(UScumulative preferred stock)FINANCE,STOCK MARKET
atypeofsharethat givesitsownertherighttoreceivea setamountofmoneyas adividend. If thismoneycannot bepaidintime, it must bepaidlater, and before anymoneyispaidtoownersofordinaryshares:
Theholdersofcumulativepreferencesharesareentitledtorecoverthearrearsofpreferencedividendbefore anydividendispaidonequityshares.