gain derived from capital

gain derived from capital
Not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the capital, however invested or employed, and coming in, being derived, that is, received or drawn in by the recipient for his separate use, benefit, and disposal. Eisner v Macomber, 252 US 189, 64 L Ed 521, 40 S Ct 189, 9 ALR 1570, 1577. See capital gain.

Ballentine's law dictionary. . 1998.

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