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.