preferred stock on which dividends accumulate if they are not paid to the stockholder
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Cumulative preferred stock Definition from Business & Finance Dictionaries & Glossaries
Preferred stock whose dividends accrue , should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock.
Copyright © 2000, Campbell R. Harvey. All Rights Reserved.Cumulative preferred stock Definition from Language, Idioms & Slang Dictionaries & Glossaries
Noun
1. preferred stock whose dividends if omitted accumulate until paid out
(synonym) cumulative preferred
(hypernym) preferred stock, preferred shares, preference shares
