The-definition.com

Definition

Gross estate

Gross estate is the market value of the property that you own when you die. Gross estate also includes value of jointly owned property, life insurance, death proceeds, and certain other items.

Share it:  Cite

More from this Section

  • Active income
    Active income refers income from an active business as opposed to passive investment income ...
  • Defined-benefit plan
    Defined-benefit plan is a type of pension plan in which the retirement benefit is known ...
  • General average
    General average is in ocean marine insurance, a loss incurred for the common good that ...
  • Auto-Regressive (AR)
    Auto-Regressive (AR) is a stationary stochastic process where the current value of the ...
  • Basel Accord
    In Banking industry there are three sets of banking regulations to provide recommendations ...