Usually means: Not accumulating over time; separate.
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We found 9 dictionaries that define the word noncumulative:

General (6 matching dictionaries)
  1. noncumulative: Merriam-Webster
  2. noncumulative: Collins English Dictionary
  3. noncumulative: Wordnik
  4. noncumulative: Wiktionary
  5. noncumulative: Infoplease Dictionary
  6. noncumulative: Dictionary.com

Business (3 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Noncumulative: Investopedia
  3. noncumulative: Financial dictionary

Definitions from Wiktionary (noncumulative)

adjective:  Not cumulative.
adjective:  (finance) Not having an accumulating right to receive dividends unpaid in previous periods.

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