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trust

this entry com·plex trust : a trust under which any or all income does not have to be distributed and principal may be distributed compare simple trust in this entry constructive trust 1 : an implied trust

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5. As to the protection afforded to Trustees and Personal Representatives by issuing an advertisement for creditors before distributing any real or personal property, see (English) Trustee Act, 1925, s. 27, amended by the (English) Law of

Winding-up

Winding-up, the process by which an insolvent estate is distributed, as far as it will go, amongst the persons having claims upon it. The term is most frequently

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bequest

legacy de·mon·stra·tive bequest [di-mÄ n-strə-tiv-] : a bequest of a particular amount of money or property to be distributed first from one source in the estate and then from other sources to the extent that the first

dividend

dividend 1 : the part of corporate net earnings distributed usually periodically (as quarterly) to stockholders in the form of cash, additional shares, or property either as a

reorganization

of its shareholders or both but under which the stock or securities of the other corporation must be distributed in a qualified transaction see also spin-off, split-off, split-up E reorganization [ē-] : a reorganization that consists of

Distribution, Statute of

see MARRIED WOMEN'S PROPERTY) shall, after the expiration of one year from the death of the intestate, be distributed in the following manner: one-third shall go to the widow of the intestate, and the residue in equal

Lottery

Lottery, a game of chance; a distribution of prizes by lot or chance, Taylor v. Smetten, (1883) 11 QBD 207. By 10 & 11 Wm.

Salary or wages

sale. [Cigarettes and Other Tobacco Products (Prohibi-tion of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act, 2003, s. 2(m)] Sale. Blackstone (2 Com. 446) defines it as 'a transmutation of property from one

Service line

through which electricity is, or is intended to be, supplied, (a) to a single consumer either from a distributing main or immediately from the Distribution Licensee's premises; or (b) from a distributing main to a group of

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