dividend
dividend the income return received by a shareholder in respect of his investment. Unlike INTEREST, which is payable irrespective of whether the company has made profits or not, dividends are payable only if so declared by the directors and are payable only out of prof- its (whether current profits or profits earned in previous years) avail- able for the purpose: Companies Act 1985. If there are no available
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profits there can be no payment of a dividend. Dividends must be declared by the ANNUAL GENERAL MEETING on the recommendation of the directors or by the directors themselves between such meetings.
- principal
- priority need
- prison
- privacy
- private bill
- private carrier
- private company
- private international law
- private law
- private nuisance
- privilege
- privileged wills
- privity of contract
- Privy Council (PC)
- prize
- probate
- proclamation (royal)
- procurator
- procurator fiscal
- Procureur
- producer
- production of documents
- product liability
- profit and loss account
- prohibited degrees