cumulative preferred

NOUN
20 LETTERS · STARTS WITH C

cumulative preferred is a valid 20-letter word worth 32 points in Scrabble and 39 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
C3U1M3U1L1A1T1I1V4E1P3R1E1F4E1R1R1E1D2
3 + 1 + 3 + 1 + 1 + 1 + 1 + 1 + 4 + 1 + 0 + 3 + 1 + 1 + 4 + 1 + 1 + 1 + 1 + 2 =32 PTS
DOUBLE WORD → 64TRIPLE WORD → 96
MEANING

What does cumulative preferred mean?

NOUN · 1 SENSE
1

Preferred stock whose dividends if omitted accumulate until paid out.