Cumulative preferred and Preferred shares

Cumulative preferred noun - Preferred stock whose dividends if omitted accumulate until paid out.

Preferred shares and cumulative preferred are semantically related. In some cases you can use "Preferred shares" instead a noun phrase "Cumulative preferred".

Preferred shares noun - Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights.

Cumulative preferred and preferred shares are semantically related. Sometimes you can replace phrase "Cumulative preferred" with "Preferred shares", this phrases are similar.