interim dividend

interim dividend
A corporate dividend payable on a date between regular dividend paying dates; a dividend which may be rescinded or revoked where such action is made advisable by an adverse change in the circumstances of the corporation. Lagunas Nitrate Co. v Schroeder & Co. (Eng) 85 LT NS 22, 17 Times L 625.

Ballentine's law dictionary. . 1998.

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