Meaning of “cumulative preference share” in the English Dictionary

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"cumulative preference share" in Business English

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cumulative preference sharenoun [ C ]

uk us US cumulative preferred stock

FINANCE, STOCK MARKET a type of share that gives its owner the right to receive a set amount of money as a dividend. If this money cannot be paid in time, it must be paid later, and before any money is paid to owners of ordinary shares:

(Definition of “cumulative preference share” from the Cambridge Business English Dictionary © Cambridge University Press)