undisbursed income

undisbursed income
Income retained in the estate by executor or trustee. Under a provision in a will that "any undisbursed income" should be paid to the residuary estate after the death of the life tenant, the words will be taken to mean any income not actually paid out to the life tenant, and will not be restricted in their meaning to include only that income accruing during the period between the death of the life tenant and the distribution to the residuary estate. Rhode Island Hospital Trust Co. v Otis, 77 RI 296, 75 A2d 210.

Ballentine's law dictionary. . 1998.

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  • undisposed of — See undisbursed income …   Ballentine's law dictionary

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