non-cumulative
adjective
finance & economicsspecialized(alsononcumulative)uk/ˌnɒnˈkjuː.mjə.lə.tɪv/us/ˌnɑːnˈkjuː.mjə.lə.t̬ɪv/Non-cumulativearrangementsdo notallowpeopletoreceivemoneythat was notpaidinpreviousperiods:
Thepreferenceshareswillreceivea 9% non-cumulativedividend.
Non-cumulativesharesgive therightto afixedpercentagedividendofprofiteachyear.
- When acreditis non-cumulative, anyamountnot used during a givenperiodisautomaticallycancelledat the end of thatperiod.
- Thecompanyoffersone week'spaidsickleaveayear, which is non-cumulative.
- Non-cumulativeshareholdersare notentitledto anymisseddividendpayments.
Stock markets
- algo
- anti-city
- anti-dilution
- anti-speculation
- anti-speculative
- bearish
- bond
- bull
- bull market
- flotation
- non-controlling
- non-convertible
- non-directional
- non-discretionary
- non-distributable
- payback period
- stockbroker
- stockholder
- strip
- the Big Board
Opposite
cumulative