What is SURPLUS EARNINGS OF A COMPANY OR CORPORATION?

means the amount owned by the company over and above its capital and actual liabilities. People v. Cotn’rs of Taxes, 70 N. Y. 74.

More On This Topic



Link to This Definition
Did you find this definition of SURPLUS EARNINGS OF A COMPANY OR CORPORATION helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary