in kind

in kind
adj.
Of the same kind, category, or type; used to describe the act of exchanging one thing for another thing of the same or similar type.
adv.
in kind

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


in kind
adv. Payment made in goods or services, rather than in cash.

Webster's New World Law Dictionary. . 2000.


in kind
Of the same class, category, or species.

Dictionary from West's Encyclopedia of American Law. 2005.


in kind
Of the same class, category, or species.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

in kind
adj.
   referring to payment, distribution or substitution of things in lieu of money, a combination of goods and money, or money instead of an article. It is an expression often found in wills and trusts, which empowers the executor or trustee to make distribution to beneficiaries "in kind" according to his/her discretion as long as the value is equivalent to the value intended to be given to each beneficiary. This is important since it allows distribution of furniture, heirlooms, stocks and bonds, automobiles or even real property (as well as money) among the beneficiaries without selling assets to get cash. Example: Edward Doright dies with a will that leaves his estate equally to his two daughters and a son. He has a house worth $150,000, cash of $100,000, art works valued at $50,000, two cars at $10,000 each, $150,000 in stocks, and jewelry appraised at $25,000. Since the total value is $495,000, the executor can thus divide this up by giving each child things and money valued at $165,000. The one taking the house would then get a car and $5,000 cash, etc. In this way gifts can be distributed most appropriately to the needs of the recipients. The "in kind" provision may avoid the potential low value returns from estate sales and the cost of real estate commissions.
   See also: distribution, trust, will

Law dictionary. . 2013.

Look at other dictionaries:

  • Kind of Blue — Album par Miles Davis Sortie 17 août 1959 Enregistrement 2 mars et 22 avril 1959 Durée 45:44 Genre Jazz modal Producteur Irving Townsend …   Wikipédia en Français

  • Kind (Begriffsklärung) — Kind bezeichnet: eine junge Person, siehe Kind einen direkten Nachkommen eines Lebewesens Kind (Einheit), äthiopische Längeneinheit Das Kind, belgischer Spielfilm aus dem Jahr 2005 KIND Hörgeräte, deutsches Unternehmen Flughafen Indianapolis,… …   Deutsch Wikipedia

  • Kind of Blue — Álbum de estudio de Miles Davis Publicación 17 de agosto de 1959 Grabación 2 de marzo y 22 de abril de 1959 en el 30th Street Studio de New York, Estados Unidos …   Wikipedia Español

  • KIND Hörgeräte — KIND Gruppe Unternehmensform GmbH Co KG Gründung Ursprung 1952 Unternehmenssitz Kokenhorststraße 3 5 D 30938 Großburgwedel Unternehmensleitung Geschäftsführer …   Deutsch Wikipedia

  • kind of — kind of, sort of 1. These expressions mean much the same, and share the same grammatical problems. (The issues raised here seem to occur less often in practice with the third alternative, type of.) There is less of a problem when kind of is… …   Modern English usage

  • Kind & Co. — Kind Co., Edelstahlwerk, KG Rechtsform KG Gründung 1888 Sitz Wiehl/ Bielstein Mitarbeiter 650 …   Deutsch Wikipedia

  • kind — Ⅰ. kind [1] ► NOUN 1) a class or type of people or things having similar characteristics. 2) character; nature. 3) each of the elements (bread and wine) of the Eucharist. ● in kind Cf. ↑in kind …   English terms dictionary

  • kind — [kīnd] n. [ME kynd < OE cynd, akin to Ger kind, child, ON kundr, son < IE * ĝṇti (> L natio, NATION) < base * ĝen : see GENUS] 1. Archaic a) origin b) nature c) manner; way …   English World dictionary

  • Kind — Kind, n. [OE. kinde, cunde, AS. cynd. See {Kind}, a.] 1. Nature; natural instinct or disposition. [Obs.] [1913 Webster] He knew by kind and by no other lore. Chaucer. [1913 Webster] Some of you, on pure instinct of nature, Are led by kind t… …   The Collaborative International Dictionary of English

  • Kind — (k[imac]nd), a. [Compar. {Kinder} (k[imac]nd [ e]r); superl. {Kindest}.] [AS. cynde, gecynde, natural, innate, prop. an old p. p. from the root of E. kin. See {Kin} kindred.] 1. Characteristic of the species; belonging to one s nature; natural;… …   The Collaborative International Dictionary of English

  • Kind of Blue — Studioalbum von Miles Davis Veröffentlichung 17. August 1959 Aufnahme 2. März und 22. April 1959 …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”