InvestorWords.com

estate


Definition
All assets owned by an individual at death, to be distributed according to the individual's will (or a court ruling if there is no will).

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Being Rich"I am poor, I am needy." Hymn that financier and railroad baron Cornelius Vanderbilt sang on his deathbed in 1877. He left an estate of nearly $100 million (several billion in today's inflation-adjust ... Read more


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