Definition of Dividen. Meaning of Dividen. Synonyms of Dividen
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Definition of Dividen
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deferred dividend Tontine insurance Ton*tine" in*su"rance (Life Insurance)
Insurance in which the benefits of the insurance are
distributed upon the tontine principle. Under the old, or
full tontine, plan, all benefits were forfeited on lapsed
policies, on the policies of those who died within the
tontine period only the face of the policy was paid
without any share of the surplus, and the survivor at the
end of the tontine period received the entire surplus.
This plan of tontine insurance has been replaced in the
United States by the
semitontine plan, in which the surplus is divided among the
holders of policies in force at the termination of the
tontine period, but the reverse for the paid-up value is
paid on lapsed policies, and on the policies of those that
have died the face is paid. Other modified forms are
called free tontine, deferred dividend, etc.,
according to the nature of the tontine arrangement.
Dividend Dividend Div"i*dend, n. [L. dividendum thing to be divided,
neut. of the gerundive of dividere: cf. F. dividende.]
1. A sum of money to be divided and distributed; the share of
a sum divided that falls to each individual; a distribute
sum, share, or percentage; -- applied to the profits as
appropriated among shareholders, and to assets as
apportioned among creditors; as, the dividend of a bank, a
railway corporation, or a bankrupt estate.
2. (Math.) A number or quantity which is to be divided.
Divident Divident Div"i*dent, n.
Dividend; share. [Obs.] --Foxe.
To pass a dividend Pass Pass, v. t.
1. In simple, transitive senses; as:
(a) To go by, beyond, over, through, or the like; to
proceed from one side to the other of; as, to pass a
house, a stream, a boundary, etc.
(b) Hence: To go from one limit to the other of; to spend;
to live through; to have experience of; to undergo; to
suffer. ``To pass commodiously this life.' --Milton.
She loved me for the dangers I had passed.
--Shak.
(c) To go by without noticing; to omit attention to; to
take no note of; to disregard.
Please you that I may pass This doing. --Shak.
I pass their warlike pomp, their proud array.
--Dryden.
(d) To transcend; to surpass; to excel; to exceed.
And strive to pass . . . Their native music by
her skillful art. --Spenser.
Whose tender power Passes the strength of storms
in their most desolate hour. --Byron.
(e) To go successfully through, as an examination, trail,
test, etc.; to obtain the formal sanction of, as a
legislative body; as, he passed his examination; the
bill passed the senate.
2. In causative senses: as:
(a) To cause to move or go; to send; to transfer from one
person, place, or condition to another; to transmit;
to deliver; to hand; to make over; as, the waiter
passed bisquit and cheese; the torch was passed from
hand to hand.
I had only time to pass my eye over the medals.
--Addison.
Waller passed over five thousand horse and foot
by Newbridge. --Clarendon.
(b) To cause to pass the lips; to utter; to pronounce;
hence, to promise; to pledge; as, to pass sentence.
--Shak.
Father, thy word is passed. --Milton.
(c) To cause to advance by stages of progress; to carry on
with success through an ordeal, examination, or
action; specifically, to give legal or official
sanction to; to ratify; to enact; to approve as valid
and just; as, he passed the bill through the
committee; the senate passed the law.
(e) To put in circulation; to give currency to; as, to
pass counterfeit money. ``Pass the happy news.'
--Tennyson.
(f) To cause to obtain entrance, admission, or conveyance;
as, to pass a person into a theater, or over a
railroad.
3. To emit from the bowels; to evacuate.
4. (Naut.) To take a turn with (a line, gasket, etc.), as
around a sail in furling, and make secure.
5. (Fencing) To make, as a thrust, punto, etc. --Shak.
Passed midshipman. See under Midshipman.
To pass a dividend, to omit the declaration and payment of
a dividend at the time when due.
To pass away, to spend; to waste. ``Lest she pass away the
flower of her age.' --Ecclus. xlii. 9.
