Estate
All assets AND liabilities belonging to a person at death — real estate, investments, insurance policies, bank accounts, and items of personal value such as a motor vehicle, jewellery and collectibles.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series XVII← All terms