CUMULATIVE PREFERENCE SHARE, a share which carries with it the right, not only to a preferential dividend, but to a lien upon future profits for any or all arrears of deferred or unpaid preferential dividend. That is to say, if the cumulative preference dividend for any period cannot be paid, the unpaid dividend accumulates to the credit of the holder of the share, and must be paid before any other dividend is paid in any succeeding year. The equivalent term in the United States is cumulative preferred stock.