investment


investment
The act of placing money where it will yield an income or revenue. Savings Bank of San Diego County v Barrett, 126 Cal 413, 58 P 914; Drake v Crane, 127 Mo 85, 29 SW 990. The laying out of money in such a manner that it may produce a revenue, whether the particular method be a loan, or the purchase of stocks, securities or other property. Putting money on interest, either by way of loan, or the purchase of income-producing property. Drake v Crane, 127 Mo 85, 29 SW 990. A note, bond, or share of stock purchased for income. This word, within the meaning of a clause authorizing executors and trustees to retain investments or any property in which the estate may be "invested" at the time of the testator's death, means property from which an income or profit is expected to be derived in the ordinary course of events. Anno: 47 ALR2d 196. See investiture.

Ballentine's law dictionary. . 1998.

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