Distribution

Distribution in United Kingdom

Definition of Distribution

In accordance with the work A Dictionary of Law, this is a description of Distribution :

1. The process of handing over to the beneficiaries their entitlements under a deceased person’s will or on his intestacy.

2. Any payment made by a company to a shareholder out of its distributable profits in cash or kind. It does not include payments made in the course of a winding-up or repayments of the capital originally subscribed or subsequently received by the company.

See also qualifying distributio


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