allocation of principal and income

allocation of principal and income

Black's law dictionary. . 1990.

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  • allocation of principal and income — See allocation of dividends allocation of income …   Black's law dictionary

  • Uniform Principal and Income Act — One of the Uniform Laws adopted by some states governing allocation of principal and income in trusts and estates …   Black's law dictionary

  • allocation of income — When two or more businesses are controlled by the same interests, the Commissioner of Internal Revenue may allocate or distribute income to prevent tax evasion. I.R.C. No. 482. In trust accounting, the process by which income is distributed as… …   Black's law dictionary

  • allocation of income — When two or more businesses are controlled by the same interests, the Commissioner of Internal Revenue may allocate or distribute income to prevent tax evasion. I.R.C. No. 482. In trust accounting, the process by which income is distributed as… …   Black's law dictionary

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • allocation of dividends — In trust accounting, cash dividends are credited or allocated to income; whereas, generally, stock dividends are credited to principal and the basis of the stock on which the dividend has been paid is changed in the portfolio. If the cash… …   Black's law dictionary

  • allocation of dividends — In trust accounting, cash dividends are credited or allocated to income; whereas, generally, stock dividends are credited to principal and the basis of the stock on which the dividend has been paid is changed in the portfolio. If the cash… …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • Agriculture and Food Supplies — ▪ 2007 Introduction Bird flu reached Europe and Africa, and concerns over BSE continued to disrupt trade in beef. An international vault for seeds was under construction on an Arctic island. Stocks of important food fish species were reported… …   Universalium

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