In probate law. Property of a decedent available for the payment of debts and legacies; the estate coming to the heir or personal representative which is chargeable, in law or equity, with the obligations which such heir or representative is required, in his representative capacity, to discharge. In an accurate and legal sense, all the personal property of the deceased which is … [Read more...]
ASSETS
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.