taxable estate

taxable estate
The net estate of a decedent for the assessment of an estate, inheritance, or succession tax. The estate less the deductions allowed by law. 26 USC §§ 2051 et seq.; United States v Kombst, 286 US 424, 76 L Ed 1201, 52 S Ct 616; Hampton v Hampton, 188 Ky 199, 221 SW 496, 10 ALR 515.

Ballentine's law dictionary. . 1998.

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