Business, Legal & Accounting Glossary
n. the anticipation of death in a relatively short time due to age, illness, injury or great danger, which causes a person to make a gift, transfer property or take some other dramatic action. (Lawyers who like Latin call this causa mortis.) It can be important since such a gift or transfer can be subject to federal estate taxes.
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This glossary post was last updated: 27th April, 2020 | 0 Views.