dis·tri·bu·tion /ˌdis-trə-'byü-shən/ n
1: the act or process of distributing: as
a: the apportionment by a court of the property and esp. personal property of an intestate among those entitled to it according to statute compare descent, devise
◇ The laws dealing with intestate succession are often called laws of descent and distribution.
b: the payment or transfer to a beneficiary of interest to which he or she is entitled under a trust
c: the transfer by a corporation or mutual fund of money or property to a shareholder in his or her capacity as a shareholder
d: the initial offering to the public of a security by a corporation
e: the delivery of a controlled substance
2: something distributed
dis·tri·bu·tive /di-'stri-byu̇-tiv/ adj

Merriam-Webster’s Dictionary of Law. . 1996.

I (apportionment) noun allocation, allotment, appropriation, assignment, dealing out, dispensation, disposal, dissemination, division, dole, handing out, issuance, parceling out, partition, placement, proporting, rationing, repartition, sharing associated concepts: capital distribution, distribution by operation of law, distribution of assets, distribution of capital, distribution of corporate assets, distribution of earnings or profits, distribution of powers and functions, distribution of proceeds, distribution points, just and equal distribution, partial distribution, per capita distribution, per stirpes distribution, pro rata distribution, ratable distribution II (arrangement) noun assemblage, categorization, classification, collocation, disposition, disposure, formation, gradation, graduation, grouping, management, marshaling, ordering, organization, placement, regimentation, serialization, systematization III index administration, allotment, appointment (act of designating), apportionment, appropriation (allotment), assignment (allotment), assignment (transfer of ownership), budget, circulation, classification, consignment, decentralization, dispensation (act of dispensing) disposition (final arrangement), disposition (transfer of property), division (act of dividing), form (arrangement), hierarchy (arrangement in a series), order (arrangement), proportion, ration

Burton's Legal Thesaurus. . 2006

2. distribution (bankruptcy)
after a bankruptcy order has been made, the trustee, having gathered in the bankrupt's estate, must distribute the assets available for distribution in accordance with the prescribed order of payment. All debts proved in the bankruptcy in the same category of priority rank pari passu.

Collins dictionary of law. . 2001.

Transferring at least some assets of an estate or trust to beneficiaries or paying out profits or assets of a corporation or other business to its owners.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.
Category: Wills, Trusts & Estates → Estates, Executors & Probate Court
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

A distribution by a UK company of its profits. It is defined by section 209 of the Income and Corporation Taxes Act 1988 (ICTA). As well as a dividend, it includes other value moving to a shareholder and interest in certain circumstances. A distribution is not deductible for corporation tax purposes (section 237(3), ICTA).
+ distribution
Also known as a dividend.
The process of giving out an entity's assets or cash to its equity holders. The ability of a governing body to make a distribution may be regulated by the laws of the entity's jurisdiction and any organizational documents (such as a corporation's by-laws or an LLC's LLC agreement). Distributions may be periodical (such as a quarterly distribution), pursuant to a contract (such as a stockholders' agreement or partnership agreement), as a one-time event when an entity has a surplus or before the liquidation and winding up of an entity.
Related terms:

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

n. At common law, the transfer of personal property to the heirs of an individual who died intestate.

Webster's New World Law Dictionary. . 2000.

   the act of dividing up the assets of an estate or trust, or paying out profits or assets of a corporation or business according to the ownership percentages.
   See also: distribute

Law dictionary. . 2013.

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