[] () (NAmEˌcumulative preferred ˈstock []) () a type of share that a company issues (= sells) that gives its owner the right to receive regular payments ( dividends) from the company. If the company cannot afford to make a payment on time, it has to pay the amount later when it can afford to. 累积优先股（公司发行的一种股票，持有者可优先得到股利）◆5% cumulative preference shares (= ones for which you receive a 5% dividend) 5% （红利的）累积优先股