noncumulative preferred stock
Noun
AE
A class of preferred stock on which passed dividends do not accumulate and are not paid to shareholders at a later date.
Synonym(s):
- non-cumulative preferred; noncumulative preferred.
- [BE]: non-cumulative preference share capital.
Comment:
Stock is a mass word and correctly used in the plural form only when referring to the different stock of the different issuers.