noncumulative

English

Etymology

From non- +‎ cumulative.

Adjective

noncumulative (not comparable)

  1. Not cumulative.
    • 2016 September 20, David Brooks, “Dignity and Sadness in the Working Class”, in The New York Times‎[1]:
      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.
  2. (finance) Not having an accumulating right to receive dividends unpaid in previous periods.
    • 2008 September 29, Louise Story, “Morgan Stanley Completes Mitsubishi Deal”, in The New York Times‎[2]:
      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.
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