Declaration and Explaining

noun

• A statement that is emphatic and explicit (spoken or written. )
• Law) unsworn statement that can be admitted in evidence in a legal transaction. (
  • usage: "his declaration of innocence"
• A statement of taxable goods or of dutiable properties.
• Contract bridge. ( the highest bid becomes the contract setting the number of tricks that the bidder must make)
  • synonyms: contract
• A formal public statement.
  • usage: "the government made an announcement about changes in the drug war"; "a declaration of independence"
  • synonyms: announcement, proclamation, annunciation
• A formal expression by a meeting; agreed to by a vote.
  • synonyms: resolution, resolve

• (n.) The act of declaring or publicly announcing; explicit asserting; undisguised token of a ground or side taken on any subject; proclamation; exposition; as, the declaration of an opinion; a declaration of war, etc.
• (n.) The document or instrument containing such statement or proclamation; as, the Declaration of Independence (now preserved in Washington).
• (n.) That part of the process in which the plaintiff sets forth in order and at large his cause of complaint; the narration of the plaintiff's case containing the count or counts. See Count, n., 3.
• (n.) That which is declared or proclaimed; announcement; distinct statement; formal expression; avowal.

Declaration is the Board of Directors motion to authorize dividend payments.