noncumulative

Adjective

noncumulative (not comparable)

1. Not cumulative.
   • There is often a sad, noncumulative pattern to working-class lives. In some professions as you get older, you rise to more responsible positions. And that was true under the old seniority-based work rules in factories.2016 September 20, David Brooks, “Dignity and Sadness in the Working Class”, in The New York Times
2. Not having an accumulating right to receive dividends unpaid in previous periods.
   • The payment consists of $3 billion in common stock for $25.35 a share as well as $6 billion in perpetual noncumulative convertible preferred stock with a 10 percent dividend and a conversion price of $31.25 a share.2008 September 29, Louise Story, “Morgan Stanley Completes Mitsubishi Deal”, in The New York Times