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FindLaw Legal Dictionary

The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.

term:

Accumulation

accumulation n

: increase or growth by addition esp. when continuous or repeated
;specif
: an increase in the amount of a fund or property by the continuous addition to it of the income or interest it generates [to treat a stock dividend as principal when local law classifies it as income may be deemed an "W. M. McGovern, Jr. et al."] see also accumulation trust at trust NOTE: Because they prevent the enjoyment and benefit of wealth, accumulations are deemed contrary to public policy. A provision in a will for an accumulation will be invalidated if found to be unreasonable by the court.



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.

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