constructive receipt

noun

: the receipt of taxable income (as interest on a savings account) that is implied by the income's ready availability to the taxpayer although it has not actually been collected

Dictionary Entries Near constructive receipt

Cite this Entry

“Constructive receipt.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/constructive%20receipt. Accessed 9 Dec. 2022.

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