undivided profits

undivided profits
Profits of a corporation which have neither been distributed as dividends nor carried to surplus account. Edwards v Douglas, 269 US 204, 70 L Ed 235, 46 S Ct 85. Surplus and undivided profits are the property of the corporation. As their names indicate, they are not capital stock, but are something besides capital stock. First Nat. Bank v Moon, 102 Karl 334, 170 P 33.

Ballentine's law dictionary. . 1998.

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  • undivided profits — n pl: earnings of a business that have been retained instead of being distributed to stockholders or owners or designated as surplus compare surplus 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • undivided profits — noun plural : earnings of a business enterprise which have been retained instead of being distributed to stockholders or owners; especially : a net worth account often appearing in bank statements and showing accumulated profits which have not… …   Useful english dictionary

  • undivided profits — Profits which have not been distributed as dividends or set aside as surplus. Current undistributed earnings. Edwards v. Douglas, 269 U.S. 204, 46 S.Ct. 85, 89, 70 L.Ed. 235 …   Black's law dictionary

  • undivided profits — Bank term for retained earnings. Bank profits from current as well as prior years that have neither been distributed to shareholders as dividends nor transferred to surplus. Corporate earnings accumulated over time. One of a corporation s equity… …   Financial and business terms

  • undivided profits — earnings that have neither been distributed as dividends to stockholders nor transferred to the earned surplus account. * * * …   Universalium

  • Undivided Profit — Gains from current and past years that have not been transferred to a surplus account or distributed as dividends to shareholders. Undivided profit refers to corporate earnings that have accumulated over a period of time. Current earnings may be… …   Investment dictionary

  • profits — Gains. The excess of gross sales over cost of goods plus expenses of operation. McDaniel v State Fair (Tex Civ App) 286 SW 513, 516. The excess of receipts over expenditures. Connolly v Davidson, 15 Minn 519. For some purposes, the equivalent of… …   Ballentine's law dictionary

  • accumulated profits — Earned surplus or undivided profits. Flint v. Commissioner of Corporations and Taxation, 312 Mass. 204, 43 N.E.2d 789, 791, 792. Such include profits earned and invested. Commissioner of Corporations and Taxation v. Filoon, 310 Mass. 374, 38… …   Black's law dictionary

  • accumulated profits — Earned surplus or undivided profits. Flint v. Commissioner of Corporations and Taxation, 312 Mass. 204, 43 N.E.2d 789, 791, 792. Such include profits earned and invested. Commissioner of Corporations and Taxation v. Filoon, 310 Mass. 374, 38… …   Black's law dictionary

  • undistributed profits — See undivided profits …   Ballentine's law dictionary

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