income, rents, and profits

income, rents, and profits
As the term appears in a will, deed, or trust instrument:–net income. 33 Am J1st Life Est § 285.

Ballentine's law dictionary. . 1998.

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  • interest, dividends, rents and profits — As the term appears in stating the subject of a gift or grant by will, deed, or trust instrument:–net income. Re Heaton, 89 Vt 550, 96 A 21 …   Ballentine's law dictionary

  • rents, issues, and profits — The income or net income from land or an estate therein. People v Savings Union, 72 Cal 199, 203, 13 P 498. A kind of estate growing out of the land for life, or years, producing an annual or other rent. Bruce v Thompson, 26 Vt 741, 746 …   Ballentine's law dictionary

  • net rents, issues, income and profits — For most purposes, the same as net income. Ash v Ash, 126 NJ Eq 531, 10 A2d 150 …   Ballentine's law dictionary

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  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

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