The return in money from one's business, labor, or capital invested; gains, profit, or private revenue. Braun's Appeal, 105 Pa. 415; People v. Davenport, 30 Hun (N. Y.) 177; In re Slocum, 169 N. Y. 153, 62 N. E. 130; Waring v. Savannah, 60 Ga. 99."Income" means that which comes in or is received from any business or investment of capiital, without reference to the outgoing … [Read more...] about INCOME
I
INCIDERE
Lat. In the civil and old English law. To fall into. Calvin. To fall out; to happen; to come to pass. Calvin. To fall upon or under; to become subject or liable to. Incidere in legem, to incur the penalty of a law. Brissonius. … [Read more...] about INCIDERE
INCILE
Lat. In the civil law. A trench. A place sunk by the side of a stream, so called because it is.cut (incidatur) into or through the stone or earth. Dig. 43, 21, 1, 5. The term seems to have included ditches (fossa) and wells, (putei.) … [Read more...] about INCILE
INCINERATION
Burning to ashes; destruction of a substance by fire, as, the corpse of a' murdered person. … [Read more...] about INCINERATION
INCENTIVE STOCK OPTION (ISO)
An option to purchase stock that provides favorable tax treatment where profits are charged as long term gain as opposed to ordinary gain. ISOs are required to be held for specific period of time. … [Read more...] about INCENTIVE STOCK OPTION (ISO)
