What is CAPITAL? Definition of CAPITAL in Black's Law Dictionary – Legal dictionary – Glossary of legal terms.
noun. The word may have different meanings when used in different connections. Commissioner of Corporations and Taxation v. Filoon, 310 Mass. 374, 38 N.E.2d 693, 699, 700, 705.
It may mean : actual property or estate, People v. Com'rs of Taxes, 23 N.Y. 192; State ex rel. Corinne Realty Co. v. Becker, 320 Mo. 908, 8 S.W.2d 970, 972. Aggregate of property, Southern Package Corporation v. State Tax Commission, 195 Miss. 864, 15 So.2d 436; all capital invested plus surplus or undivided profits, W. A. Gordon & Co. v. Lines, D.C.La., 25 F.2d 894, 895; amount, or value, of property up to par value of paid up issued shares or stated value of no par shares, Randall v. Bailey, 23 N.Y.S.2d 173, 182; assets, Pace v. Pace Bros. Co., 91 Utah, 149, 63 R2d 590, 591. Capital stock, Security State Bank v. Breen, 277 N.W. 497, 500, 65 S.D. 640; condemnationaward, In re Wacht's Estate, 32 N.Y.S.2d 871, 903, 904; contributions by partners, M. & C. Creditors Corporation v. Pratt, 17 N.Y.S.2d 240, 258, 259, 172 Misc. 695. Dividends earned before creation of trust, Hubley's Guardian Ad Litem v. Wolfe, 259 Ky. 574, 82 S.W.2d 830, 834, 101 A.L.R.
1359; dividends received by trustee stockholder in liquidation of corporation, Anderson v. Bean, 272 Mass. 432, 172 N.E. 647, 651, 72 A.L.R. 959; extraordinary dividends paid on reducing value of stock, In re Sears' Will, 26 N.Y.S.2d 912, 915, 176 Misc. 242. Fund, Civ.Code, art. 148. French Wolf, 181 La. 733, 160 So. 396, Webb v. Armistead, C.C.Va., 26 F. 70; gain from sale of realty, United States 1 National City Bank of New York, D.C.N.Y., 21 F.Supp. 791, 794; means contributed by share owners, Parkinson State Bank of Millard County, 84 Utah, 278, 35 P.2d 814, 820, 94 A.L.R. 1112; money invested at interest; money required of partners by agreement, M. & C. Creditors Corporation v. Pratt, 17 N.Y.S.2d 240, 258, 259, 172 Misc. 695; money which one adventures in an undertaking; paid up issued shares of stock, Newfield v. Stieglitz, D.C.N.Y., 47 F.Supp. 885, 886; place where legislative department holds its sessions and where chief offices of the executive are located; political and governmental metropolis; preferred stock received as dividend, Burns v. Hines, 298 Ill.App. 563, 19 N.E.2d 382, 392; principal sum of a fund of money; proceeds of sale or exchange of capital of trust property, In re Clarke's Will, 204 Minn. 574, 284 N.W. 876, 879; property, Putnam v. U. S., C.C.A.Mass., 149 F.2d 721, 726; repayment of a debt, Philadelphia Nat. Bank v. Rothensies, D.C.Pa., 43 F.Supp. 923, 925; seat of government; stock dividends, Gray v. Hemenway, 268 Mass. 515, 168 N.E. 102, 103; subscribed, paid up capital, Child v. Ogden State Bank, 81 Utah, 464, 20 P.2d 599, 607, 88 A.L.R. 1284; sumformed when profits apportioned to building and loan association shares coalesce with dues paid, In re Sixth Ward Buildina & Loan Ass'n of Newark, 134 N.J.Eq. 98, 34 A.2d 292, 295; sum total of corporate stock, Haggard v. Lexington Utilities Co., 260 Ky. 261, 84 S.W.2d 84, 87;surplus used as capital, Feeders' Supply Co. v. Commissioner of Internal Revenue, C.C.A.8, 31 F.2d 274, 278;unamortized debt discount and expense, State Tax Commission v. Mississippi Power & Light Co., 194 Miss. 260, 11 So.2d 828, 829.
In political economy, that portion of the produce of industry existing in a country, which may be made directly available, either for the support of human existence, or the facilitating of production.
The term does not embrace temporary loans. Bailey v. Clark, 21 Wall. 286, 22 L.Ed. 651. But see Bridgewater Mfg. Co. v. Funkhouser, 115 Va. 476, 79 S.E. 1074, 1075.
Income is the fruit of capital; capital is the source of income. Carter v. Rector, 88 Okl. 12, 210 P. 1035, 1037.
As to what is moneyed capital in a federal act respecting state taxation of national bank stock, see First Nat, Bank v. Chapman, 173 U.S. 214, 19 S.Ct. 407, 43 L.Ed. 669.
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That's the definition of CAPITAL in Black's Law Dictionary – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
