Distribution
Definition
The dispensing of assets to a beneficiary, as named in a trust or will. Also refers to the payment of capital gains from an investment company to shareholders upon the sale of securities or payment of profits from a corporation to its shareholders, such as a dividend.
See also
Definition from Nolo’s Plain-English Law Dictionary
Transferring at least some assets of an estate or trust to beneficiaries or paying out profits or assets of a corporation or other business to its owners.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:14 pm
