SURPLU

1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  SURPLUS. That which is left from a fund which has been appropriated for a 
  particular purpose; the remainder of a thing; the overplus the residue. 
  (q.v.) See 18 Ves. 466. 
       2. The following is an example of a surplus; if a thing be put in 
  pledge as a security to pay one hundred dollars, and it be afterwards sold 
  for one hundred and fifty dollars, the fifty dollars will be the surplus. 


  Wolff, Inst. Sec. 697. See Overplus; Residue.