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)

Credits