Definition of inheritance in US English:

inheritance

noun

  • 1A thing that is inherited.

    ‘he came into a comfortable inheritance’
    • ‘Unclaimed financial assets such as inheritances, tax refunds, or money from previous bank accounts or employers may be waiting for you or someone you know.’
    • ‘But since most of our principles are cultural inheritances, discussions halt at a tolerant mutual respect, even when we remain convinced that the other person is wrong.’
    • ‘However, if the person receiving the inheritance has previously received gifts or inheritances from the same group since 2 December 1988 the new and old benefits must be aggregated.’
    • ‘The trust can accept and invest inheritances and gifts, and money from the trust can supplement the child's government benefits without jeopardizing them.’
    • ‘They include home-grown professionals who have benefited from inheritances and shrewd property investment.’
    • ‘Your children must pay gift tax on taxable gifts and inheritance tax on taxable inheritances (spouses do not pay this tax).’
    • ‘Traditional practices often denied women their statutory entitlements to inheritances and property.’
    • ‘Traditionally, much agricultural land and urban property was held as collective property, either undivided inheritances or endowed land.’
    • ‘Buyers also are using inheritances to purchase vacation properties.’
    • ‘Otherwise, gifts or inheritances taken by one spouse in a dissolved marriage from the other spouse, after the divorce, will be between strangers.’
    • ‘The 8th shows gain from dowries, unexpected inheritances and legacies.’
    • ‘They have taken no previous gifts or inheritances from their parents and each has an inheritance tax-free threshold of €456,438.’
    • ‘Such a transfer is exempt from tax, meaning that in addition to the house you can still give her gifts or inheritances up to the threshold that applies to transfers from parents to children.’
    • ‘Groups with lower income accumulated fewer assets to transfer as inheritances.’
    • ‘A significant part of this contract was the renuncia with which a woman renounced all claims to future inheritances or familial property.’
    • ‘A specified amount of gifts / inheritances could be received tax free depending on the relationship between the donor (your brother) and you.’
    • ‘This tax has increasingly shifted its focus from real wealth to becoming a tax on gifts and inheritances taken by persons of more modest circumstances who would not normally be regarded as wealthy or well off.’
    • ‘However, the children's prospects grew better in both respects: the number of children is positively connected with both inheritances and legacies given to children.’
    • ‘The current tax-free threshold on gifts or inheritances from parent to child is €422,148, although prior gifts made by either of you to them will be included in calculating any tax due.’
    • ‘Contribute any bonuses, tax refunds, cash gifts, inheritances or divorce settlements to a retirement account.’
    legacy, bequest, endowment, birthright, estate, heritage, bestowal, bequeathal, benefaction, provision, patrimony
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    1. 1.1 The action of inheriting.
      ‘the inheritance of traits’
      • ‘Spanish tax and inheritance laws are significantly different to their Irish counterparts.’
      • ‘In short, inheritance laws should be the same for both sons and daughters.’
      • ‘They won equality in custody and inheritance rights for mothers.’
      • ‘This, in my view, would be a distortion of the principles underlying customary law of succession and inheritance.’
      • ‘It is acknowledged that disputes over land and abuses of power in cases of inheritance need to be addressed.’
      • ‘The first spouse usually signs away inheritance rights during a separation or divorce, but it is better to make it watertight.’
      • ‘It is a step towards avoiding the problems arising over housing, taxation, inheritance rights and family law.’
      • ‘But, he said, the deal had been deadlocked due to inheritance problems over the land.’
      • ‘Feminists and lawyers have focused on inheritance laws that discriminate against daughters.’
      • ‘Bulgaria began to adopt Western style laws, giving women inheritance rights.’
      • ‘Our objective was to determine the mode of inheritance for this resistance trait.’
      • ‘According to Batak customary law, only the men had the right to inheritance.’
      • ‘The film revolves around these ideas of female and male inheritance.’
      • ‘This difference in concept has important implications for family inheritance and for the ownership structure.’
      • ‘Such epigenetic inheritance across somatic cell generations is well accepted.’
      • ‘In fact the provision was usually made in the form heirs of the body male in order to exclude inheritance by lineal female heirs as well.’
      • ‘In the event of a customary marriage only, customary inheritance laws are enforced.’
      • ‘You can obtain a wide range of personal advice from tax to inheritance planning through your banking manager.’
      • ‘Ukrainian customs and laws of property inheritance never discriminated by gender.’
      • ‘Once on the statute book, gay men and lesbians will enjoy the same tax, inheritance and tenancy rights as married couples.’
      succession to, accession to, assumption of, taking over of, elevation to
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Origin

Late Middle English (formerly also as enheritance): from Anglo-Norman French enheritaunce ‘being admitted as heir’, from Old French enheriter (see inherit).

Pronunciation

inheritance

/inˈherədəns//ɪnˈhɛrədəns/