Legal Term Dictionary

A fund to be divided. The share allotted to each of several persons entitled to share in a division of profits or property. Thus, dividend may denote a fund set apart by a corporation out of its profits, to be apportioned among the shareholders, or the proportional amount falling to More...

A fund to be divided. The share allotted to each of several persons entitled to share in a division of profits or property. Thus, dividend may denote a fund set apart by a corporation out of its profits, to be apportioned among the shareholders, or the proportional amount falling to each. In bankruptcy or insolvency practice, a dividend is a proportional payment to the creditors out of the insolvent estate. State v. Comptroller of State, 54 N. J. Law, 135, 23 Atl. 122; Trustees of University v. North Carolina R. Co., 76 N. C. 103, 22 Am. Rep. 671; De Koven v. Alsop, 205 111. 309, 68 N. E. 930, 63 L. R. A. 587; Hyatt v. Allen, 56 N. Y. 553, 15 Am. Rep. 449; Cary v. Savings Union, 22 Wall. 38, 22 L. Ed. 779 ; In re Ft Wayne Electric Corp. (D. C.) 94 Fed. 109; In re Fielding (D. C.) 96 Fed. 800. In old English law. The term denotes one part of an indenture, (q. v.) -Preferred dividend. One paid on the preferred stock of a corporation; a dividend paid to one class of shareholders in priority to that paid to another. Chaffee v. Railroad Co., 55 Vt 129; Taft v. Railroad Co., 8 R. I. 310, 5 Am. Rep. 575.-Scrip dividend. One paid in scrip, or in certificates of the ownership of a corresponding amount of capital stock of the company thereafter to be issued. Bailey v. Railroad Co., 22 Wall. 604, 22 L. Ed. 840.- Stock dividend. One paid in stock, that is, not in monev, but in a proportional number of shares of the capital stock of the company, which is ordinarily increased for this purpose to a corresponding extent Kaufman v. Charkrttesville Woolen Mills Co., 93 Va. 673, 25 S. E. 1003; Thomas v. Gregg, 7S Md. ;>45, 28 Atl. 565. 44 Am. St Rep. 310.-Ex dividend. A phrase used by stock brokers, meaning that a "sale of corporate stock does not carry with it the sellers right to receive his proportionate share of a dividend already declared and shortly payable. Less...

In old records. An indenture ; one counterpart of an Indenture.

In old records. An indenture ; one counterpart of an Indenture. Less...

Lat. To divine; to conjecture or guess; to foretell. Divinatio, a conjecturing or guessing. Divinatio, non interpretmtio est, qusa omnino reeedit a litera. That is guessing, not interpretation, which altogether departs from the letter. Bac. Max. 18, (in reg. 3,) citing Yearb. 3 Hen. VI. 20.

Lat. To divine; to conjecture or guess; to foretell. Divinatio, a conjecturing or guessing. Divinatio, non interpretmtio est, qusa omnino reeedit a litera. That is guessing, not interpretation, which altogether departs from the letter. Bac. Max. 18, (in reg. 3,) citing Yearb. 3 Hen. VI. 20. Less...

As distinguished from those of human origin, divine laws are those of which the authorship js ascribed to God, being either positive or revealed laws or the laws of nature. Mayer v. Frohe, 40 W. Va. 246, 22 S. E. 58; Borden v. State, 11 Ark. 527, 44 Am. Dec. More...

As distinguished from those of human origin, divine laws are those of which the authorship js ascribed to God, being either positive or revealed laws or the laws of nature. Mayer v. Frohe, 40 W. Va. 246, 22 S. E. 58; Borden v. State, 11 Ark. 527, 44 Am. Dec. 217. Less...

Divine service was the name of a feudal tenure, by which the tenants were obliged to do some special divine services in certain ; as to sing so many masses, to distribute such a sum in alms, and the like. (2 Bl. Comm. 102; 1 Steph. Comm. 227.) It differed More...

Divine service was the name of a feudal tenure, by which the tenants were obliged to do some special divine services in certain ; as to sing so many masses, to distribute such a sum in alms, and the like. (2 Bl. Comm. 102; 1 Steph. Comm. 227.) It differed from tenure iu frankalmoign, in this: that, in case of the tenure by divine service, the lord of whom the lands were holden might distrain for its nonperformance, whereas, in case of frankalmoign, the lord has no remedy by distraint for neglect of the service, but merely a right of complaint to the visitor to correct it Mozley A Whitley. Less...

In old English law. A device, award, or decree; also a devise; also bounds or limits of division of a parish or farm, etc. Cowell. Also a court held on the boundary, in order to settle disputes of the tenants. Diviaibilis est semper divisibilis. A thing divisible may be forever More...

In old English law. A device, award, or decree; also a devise; also bounds or limits of division of a parish or farm, etc. Cowell. Also a court held on the boundary, in order to settle disputes of the tenants. Diviaibilis est semper divisibilis. A thing divisible may be forever divided. Less...

That which is susceptible of being divided. -Divisible contract. One which is in its nature and purposes susceptible of division and apportionment, having two or more parts in respect to matters ana things contemplated and embraced by it, not necessarily dependent on each other nor intended by the parties so More...

That which is susceptible of being divided. -Divisible contract. One which is in its nature and purposes susceptible of division and apportionment, having two or more parts in respect to matters ana things contemplated and embraced by it, not necessarily dependent on each other nor intended by the parties so to be. Horseman v. Horseman, 43 Or. 83, 72 Pac. 698. Less...

In old English law. Severally; separately. Bract, fol. 47.

In old English law. Severally; separately. Bract, fol. 47. Less...

In English law. One of the smaller subdivisions of a county. Used in Lincolnshire as synonymous with "riding" in Yorkshire

In English law. One of the smaller subdivisions of a county. Used in Lincolnshire as synonymous with "riding" in Yorkshire Less...

In the practice of appellate courts, this term denotes such a disagreement among the judges that there is not a majority In favor of any one view., and hence no decision can be rendered on the case. But it sometimes also denotes a division into two classes, one of which More...

In the practice of appellate courts, this term denotes such a disagreement among the judges that there is not a majority In favor of any one view., and hence no decision can be rendered on the case. But it sometimes also denotes a division into two classes, one of which may comprise a majority of the judges; as owhen we speak of a decision having proceeded from a "divided court" Less...