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Glossary > N > "Non-cumulative" Definition

Non-cumulative

Mainly applies to convertible securities. Type of preferred stock on which unpaid dividends do not accrue. Omitted dividends are, as a rule, gone forever.

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Non-cumulative - Mainly applies to convertible securities. Type of preferred stock on which unpaid dividends do not accrue. Omitted dividends are, as a rule, gone forever.

Non-cumulative : mainly applies to convertible securities. type of preferred stock on which unpaid dividends do not accrue. omitted dividends are, as a rule, gone forever.