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inheritance

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in⋅her⋅it⋅ance

  [in-her-i-tuhns]
–noun
1. something that is or may be inherited; property passing at the owner's death to the heir or those entitled to succeed; legacy.
2. the genetic characters transmitted from parent to offspring, taken collectively.
3. something, as a quality, characteristic, or other immaterial possession, received from progenitors or predecessors as if by succession: an inheritance of family pride.
4. the act or fact of inheriting by succession, as if by succession, or genetically: to receive property by inheritance.
5. portion; birthright; heritage: Absolute rule was considered the inheritance of kings.
6. Obsolete. right of possession; ownership.
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Origin:
1375–1425; ME enheritance < AF. See inherit, -ance

Synonyms:
1. patrimony; bequest. Inheritance, heritage denote something inherited. Inheritance is the common term for property or any possession that comes to an heir: He received the farm as an inheritance from his parents. Heritage indicates something that is bequeathed to a subsequent generation by an individual or by society: our cultural heritage from Greece and Rome.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2010.
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in·her·i·tance   (ĭn-hěr'ĭ-təns)   
n.  

    1. The act of inheriting.

    2. Something inherited or to be inherited.

    3. The process of genetic transmission of characteristics from parents to offspring.

    4. A characteristic so inherited.

    5. The sum of characteristics genetically transmitted from parents to offspring.

  2. Something regarded as a heritage: the cultural inheritance of Rome. See Synonyms at heritage.

  3. Biology

    1. The process of genetic transmission of characteristics from parents to offspring.

    2. A characteristic so inherited.

    3. The sum of characteristics genetically transmitted from parents to offspring.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Inheritance

All or part of a person's estate/assets that is given to an heir once the person is deceased.

Investopedia Commentary

Most countries tax any inheritances.

Related Links

Inherited Retirement Plan Assets - Part 1
Inherited Retirement Plan Assets - Part 2
Who Is The Beneficiary Of Your Account?

See also: Beneficiary, Escheat, Heir, Life Insurance

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Legal Dictionary

Main Entry: in·her·i·tance
Pronunciation: in-'her-&-t&ns
Function: noun
1 : the act of inheriting: as a : the acquisition of real or personal property under the laws of intestacy or sometimes by will b : the succession upon the death of an owner either by will or by operation of law to all the estate, rights, and liabilities of the decedent
2 a : something that is or may be inherited b : something to which one is entitled as heir inheritance under [the] will —Lesnick v. Lesnick, 577 So. Second 856 (1991)>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Medical Dictionary

Main Entry: in·her·i·tance
Pronunciation: in-'her-&t-&n(t)s
Function: noun
1 : the reception of genetic qualities bytransmission from parent to offspring
2 : all of the genetic characters or qualities transmitted from parent to offspring —compare GENOTYPE 2, PHENOTYPE
Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
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inheritance in·her·i·tance (ĭn-hěr'ĭ-təns)
n.

  1. The process of genetic transmission of traits from parents to offspring.

  2. A characteristic so inherited.

  3. The sum of characteristics genetically transmitted from parents to offspring.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Science Dictionary
inheritance   (ĭn-hěr'ĭ-təns)  Pronunciation Key 
The process by which traits or characteristics pass from parents to offspring through the genes.
The American Heritage® Science Dictionary
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
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Computing Dictionary

inheritance programming, object-oriented
In object-oriented programming, the ability to derive new classes from existing classes. A derived class (or "subclass") inherits the instance variables and methods of the "base class" (or "superclass"), and may add new instance variables and methods. New methods may be defined with the same names as those in the base class, in which case they override the original one.
For example, bytes might belong to the class of integers for which an add method might be defined. The byte class would inherit the add method from the integer class.
See also Liskov substitution principle, multiple inheritance.
(2000-10-10)

The Free On-line Dictionary of Computing, © 1993-2007 Denis Howe
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