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DIVIDEND

Legal Term: DIVIDEND
Definition: A portion of the principal, or profits, divided among several owners of a thing. 2. The term is usually applied to the division of the profits arising out of bank or other stocks, or to the division, among the creditors, of the elects of an insolvent estate. 3. In another sense, according to some old authorities, it signifies one part of an indenture. T. L.



***All definitions are taken from the 1856 Edition of Bouviers Law Dictionary

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