Income interest definition

Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.
Income interest means the right of a current income beneficiary to receive all or part of net income, whether the terms of the trust require the net income to be distributed or authorize the net income to be distributed in the fiduciary’s discretion. The term includes the right of a current beneficiary to use property held by a fiduciary.
Income interest means the right of a current income beneficiary to receive all or part

Examples of Income interest in a sentence

Income (interest, dividends or gains) on U.S. obligations or securities exempt from state income tax, but not from federal tax.

Income, interest, proceeds of sale, materials, redemptions, and all other receipts from securities and other investments which the Board retains for the cash working balance shall be deposited as authorized by the Board.

Income (interest or dividends) earned by an investment, expressed as a percentage of the investment’s price.

Income (interest, bonuses, prizes, etc.) are subject to taxation in the Slovak Republic according to laws of general application, unless international treaties binding on the Slovak Republic provide otherwise.

In the Consolidated Statement of Comprehensive Income, interest expense and asset depreciation charge are presented separately, so that interest is recorded in the Financial Costs item in the period incurred.


More Definitions of Income interest

Income interest means the right of a current income
Income interest means any interest paid between the Start Date and the Maturity Date as detailed in the relevant Addendum.
Income interest means the right of an income beneficiary to receive all or part of
Income interest means the right of an income beneficiary to
Income interest means the right of an income beneficiary to receive all or part of net income,
Income interest means the right of an income
Income interest. MEANS THE RIGHT OF A CURRENT INCOME BENEFICIARY TO RECEIVE ALL OR PART OF NET INCOME, WHETHER THE TERMS OF THE TRUST REQUIRE THE NET INCOME TO BE DISTRIBUTED OR AUTHORIZE THE NET INCOME TO BE DISTRIBUTED IN THE FIDUCIARY'S DISCRETION. THE TERM INCLUDES THE RIGHT OF A CURRENT BENEFICIARY TO USE PROPERTY HELD BY A FIDUCIARY.