Dictionary of Business Terms: inheritance
inheritance
real property or personal property that is received by heirs. A nontechnical meaning of inheritance includes property passed by will. Although federal estate tax may have to be paid on the estate itself, the recipient is not subject to federal income tax on the inheritance.
Dictionary of Computer and Internet Terms: inheritance
inheritance
the process by which one object is defined to be just like another except for some specified differences.The second type of object then "inherits" the properties of the first.
Dictionary of Finance and Investment Terms: inheritance
inheritance
part of an estate acquired by an heir.
