Could be either, although it’s more likely to be the former, and the important point is that this figure represents the profit that the estate or investment generates over its costs.
Feel free to tell me if this is outside your realm of knowledge, but I’ve never really understood the whole “four thousand a year” thing that you hear in reference to some Regency England heir or heiress’s largesse. Is that how much they make per year off of their estate(s), or investments, or what?
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