Cumulative

A cumulative amount is an amount that adds up from period to period.

For example, cumulative rights to preference share dividends.

Preference share dividends are prima facie cumulative

"Where preference shares provide for a preferential right in respect of a dividend, the dividend is prima facie cumulative so that the dividend is rolled up and any outstanding unpaid or undeclared dividend becomes payable in priority to a dividend on ordinary shares when distributable profits become available."

An introduction to equity capital - the Treasurer's Wiki.

See also

• An introduction to equity capital
• Cumulative compounded rate
• Cumulative currency translation differences
• Cumulative Discount Factor
• Cumulative exchange differences
• Cumulative frequency distributions
• Distributable reserves
• Dividend
• Equity
• Non-cumulative compounded rate
• Preference shares
• Preferential
• Prima facie