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Accumulations

A Dictionary of Law · Henry Campbell Black · 1891

A Dictionary of Law

When an executor or other trustee masses the rents, dividends, and other income which he receives, treats it as a capital, invests it, makes a new eapital of the income derived therefrom, invests that, and so on, née is said to accumulate the fund, and the capital and accrued income thus procured constitute accumulations.