Definitions for "cumulative preferred"
Preferred stock on which dividends accrue in the event that the issuer does...
A stock which has the provision that if one or more dividends are omitted, the omitted dividends will be paid before any dividend can be paid on any junior security of the issuing company.
Is a security which maintains priority in the receipt of dividends relative to common shares. It also maintains the right to collect or recover any dividends that were not paid due to temporary cash shortages.