| / English Dictionary |
NET ESTATE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
The estate remaining after debts and funeral expenses and administrative expenses have been deducted from the gross estate; the estate then left to be distributed (and subject to federal and state inheritance taxes)
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("net estate" is a kind of...):
estate (everything you own; all of your assets (whether real property or personal property) and liabilities)
Domain category:
revenue enhancement; tax; taxation (charge against a citizen's person or property or activity for the support of government)
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