Law Dictionary Definitions

accumulation trust.See TRUST. [Blacks Law 8th]

accumulation,n.1. The increase of a thing by repeated additions to it; esp., the increase of a fund by the repeated addition of the income that it creates. 2. The concurrence of several titles to the same thing. 3. The concurrence of several circumstances to the same proof. 4. The retention of dividends  for  future  distribution. …

accumulations, rule against.The rule that a direction to accumulate income from property — the  income  to  be  distributed  later  to  certain  beneficiaries  —  is  valid  only  if  confined  to  the perpetuity  period.  Cf.  RULE  AGAINST  PERPETUITIES  .  [Cases:  Perpetuities    9.  C.J.S. Perpetuities § 45.] [Blacks Law 8th]

accumulatio     actionum     (<<schwa>>-kyoom-y<<schwa>>-lay-shee-oh     ak-shee-oh-n<< schwa>>m).  [Law  Latin]  Scots  law.  The  accumulation  of  actions,  which  was  permitted  only  in certain circumstances, as when a widow and her children jointly sued to recover damages for the husband’s and father’s death. [Blacks Law 8th]

accumulated surplus.See SURPLUS. [Blacks Law 8th]

accumulated profit.See PROFIT(1). [Blacks Law 8th]

accumulated legacy.See LEGACY. [Blacks Law 8th]

accumulated income.See INCOME. [Blacks Law 8th]

accumulated-earnings tax.See TAX. [Blacks Law 8th]

accumulated-earnings credit.See CREDIT(7). [Blacks Law 8th]