full income

full income
As the term appears in a bequest of the income from designated securities purchased at a premium:–the annual interest paid in on the securities, without deducting therefrom a progressively increasing sum in each year to meet the wearing away of the premiums as the times of the maturity of the securities approach. McLouth v Hunt, 154 NY 179, 48 NE 548.

Ballentine's law dictionary. . 1998.

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