Estate

Business, Legal & Accounting Glossary

Definition: Estate


Quick Summary of Estate


everything you own; all of your assets (whether real property or personal property) and liabilities




What is the dictionary definition of Estate?

Dictionary Definition


n.

  1. all that one owns in real estate and other assets.
  2. commonly, all the possessions of one who has died and are subject to probate (administration supervised by the court) and distribution to heirs and beneficiaries, all the possessions which a guardian manages for a ward (young person requiring protection and administration of affairs), or assets a conservator manages for a conservatee (a person whose physical or mental lack of competence requires administration of his/her affairs).
  3. an alternative term for real property interest which is used in conjunction with another defining word, like “life estate,” “estate for years,” or “real estate.

Cite Term


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https://payrollheaven.com/define/estate/
Modern Language Association (MLA):
Estate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2021 https://payrollheaven.com/define/estate/.
Chicago Manual of Style (CMS):
Estate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/estate/ (accessed: September 22, 2021).
American Psychological Association (APA):
Estate. PayrollHeaven.com. Retrieved September 22, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/estate/

Definition Sources


Definitions for Estate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 4 Views.