NET ESTATE

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does net estate mean? 

• NET ESTATE (noun)
  The noun NET ESTATE has 1 sense:

1. 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)

  Familiarity information: NET ESTATE used as a noun is very rare.

 Dictionary entry details 

• NET ESTATE (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)