- An expense to be charged against principal, not income, of a trust. NY EPTL § 11-2.1, 1 (4)(B).
Ballentine's law dictionary. Anderson, W.S.. 1998.
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capital improvement — UK US noun [C or U] ► ACCOUNTING, FINANCE an addition or change made to land, equipment, or a building which increases its value or the profit it produces: »The company plans to invest $10 million in environmental upgrades and capital… … Financial and business terms
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capital improvement — See capital expenditure, above … Black's law dictionary
Capital Improvement Plan — A Capital Improvement Program, or CIP, is a short range plan, usually four to six years, which identifies capital projects and equipment purchases, provides a planning schedule and identifies options for financing the plan. Essentially, the plan… … Wikipedia
capital — cap·i·tal 1 adj [Latin capitalis, from caput head, a person s life (as forfeit)] 1 a: punishable by death capital murder b: involving execution a capital case 2 [Medieval Latin capitalis chief, principal, from Latin … Law dictionary
improvement — im‧prove‧ment [ɪmˈpruːvmənt] noun [countable, uncountable] the act or state of getting better: improvement in • Canandaigua Wine Co reported a 70% improvement in net income for the third quarter. • An economist said he was optimistic that… … Financial and business terms
Improvement plan — can stand for:*Performance improvement plan *Service Improvement Plan *Capital Improvement Plan *Process improvement plan in Six Sigma … Wikipedia
improvement — im·prove·ment n: a usu. permanent addition to or modification of real property that enhances its capital value and is distinguished from an ordinary repair in being designed to make the property more useful or valuable Merriam Webster’s… … Law dictionary
capital expenditure — n: an amount paid out that creates a long term benefit (as one lasting beyond the taxable year); esp: costs that are incurred in the acquisition or improvement of property (as capital assets) or that are otherwise chargeable to a capital account… … Law dictionary
capital expenditure — capital costs; = capital investment; = investment costs; = investment expenditure The expenditure by an organization of an appreciable sum for the purchase or improvement of a fixed asset; the amount expended would warrant the item being… … Accounting dictionary