Devise

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Definitions
Devise
Devise Will Real Property Personal Property Bequest Testamentary Gifts
A devise is a testamentary gift of real property made by a will. In modern usage, the term may also refer to gifts of personal property made through a will.
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Definitions
Inheritance
Inheritance Will Devise Descent Estate Planning Probate Law Property Acquisition
Inheritance refers to the process of acquiring property, assets, or obligations from an individual who passed away, often via a will or through legal operation.
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Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.