noncumulative
adjective
non·cu·mu·la·tive
| \ ˌnän-ˈkyü-myə-lə-tiv
, -ˌlā-\
, -ˌlā-\
Definition of noncumulative
: not cumulative
especially, finance
: not entitled to future payments of dividends or interest passed when normally due
noncumulative stock noncumulative income bonds