A fund to be divided. The share allotted to each of several iarsons en-titled to share ln a division of profits or property. Thus, dividend may denote a fund set apart by a corporation out of its profits, to be apportioned among the shareholders, or the proportional amount falling to each. In bankruptcy or insolvency practice, a divi-dend ls a proportional paymeut to the cred-ltors out of the lnsolveut estate. State v. Comptroller of State, 54 N. J. Law, 135, 23 Atl. 122; Trustees of University v. North Carolina R. Co., 76 N. C. 103, 22 Am. Rep. 671; De Koven v. Alsop, 205 111. 309, 68 N. E. 930, 63 L. R. A. 587; Hyatt v. Allen, 56 N. Y. 533, 15 Am. Rep. 449; Cary v. Savings Union, 22 wall. 38, 22 L. Ed. 779 ; In re Ft. wayne Electric Corp. (D. C.) 94 Fed. 109; In re Fielding (D. C.) 96 Fed. 800