- For income tax purposes: -a dividend which, although not actually received by the stockholder, has been made unqualifiedly subject to his demand. Anno: 120 ALR 1282. See constructive delivery.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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Hornung v. Commissioner —  (First Issue)United States Tax Court, 196747 T.C. 428Issues#Whether the value of a 1962 Chevrolet Corvette won by Paul Hornung (taxpayer) for his performance in the 1961 National Football League championship game should be included in his… … Wikipedia
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Nonqualified deferred compensation — In the United States, the question whether any compensation plan is qualified or non qualified is primarily a question of taxation under the Internal Revenue Code (IRC). Any business prefers to deduct its expenses from its income, which will… … Wikipedia
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receive — To take into one s possession, e.g., a letter, a gift, one s salary, or earnings. Hallenbeck v Getz, 63 Conn 385, 388; Commissioner v Williston, 315 Mass 638, 54 NE2d 43, 151 ALR 1395. As the words receive and accept are used in the statute of… … Ballentine's law dictionary
Deferred compensation — is an arrangement in which a portion of an employee s income is paid out at a date after which that income is actually earned. Examples of deferred compensation include pensions, retirement plans, and stock options. The primary benefit of most… … Wikipedia