Usage examples (23)

• In a smaller number of contracts in which the Treasury got so-called noncumulative preferred stock, the bank can skip dividend payments without penalty.
• "noncumulative" -- meaning that the company can skip dividend payments without the obligation to make up the difference later.
• Freddie has decided to issue only perpetual, noncumulative preferred stock in the offering, this person said.
• With noncumulative preferred stock, if the issuer skips a dividend payment, there is no obligation to make up for that later.