- estate
- estate es‧tate [ɪˈsteɪt] noun [countable]1. PROPERTY a large piece of land in the country, usually with one large house on it and one owner:
• The estate consists of the main villa, several outbuildings and barns, a swimming pool, a farm house and an old mill.
2. FARMING land used for growing a particular crop, especially tea, coffee, or rubber:• efficiently run coffee estates
3. PROPERTY an area of land with factories and officesinˌdustrial esˈtate PROPERTY MANUFACTURINGan area in or near a city or town where there are many small factories; = industrial park AmE:• The firm's plant employs 92 people on the town's industrial estate.
ˈtrading esˌtate PROPERTY MANUFACTURINGan area just outside a city or town where there are small factories and businesses; = business park AmE4. LAW PROPERTY when someone owns all or part of a piece of land, and any buildings on it, or has a right to use itˈfreehold esˌtate PROPERTYwhen land and buildings are owned by someone completely and with no limit in time:• Until 1540 freehold estates could not be left in a will.
ˈleasehold esˌtate PROPERTYwhen land and buildings are held and used by someone for a period of time and then return to their original owner:• A leasehold estate is measured by a fixed period of time.
the legal ownership of land, for a particular time or permanently:• To have a legal estate, whether freehold or leasehold, is to enjoy quite a considerable degree of individual freedom.
when someone owns all or part of a piece of land and its buildings, or has a right to use them, but only for the length of time they are alive:• In the case of a life estate, the estate is held for the life of the tenant.
5. LAW all of someone's money and property, especially everything that is left after they die:• In her original will, she left her whole estate to her only son.
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estate UK US /ɪˈsteɪt/ noun► PROPERTY a group of houses or factories built in a planned way: commercial/industrial/trading estate »He rents a unit on an industrial estate.
»a housing estate
► PROPERTY, LAW everything that a person owns when they die: leave your estate to sb »She left her entire estate to her niece.
► UK COMMERCE a group of small businesses such as pubs or shops, owned and controlled by one company: estate of sth »The company, which has an estate of 650 pubs, was one of the first to open smoke-free sites.
► PROPERTY a large area of land in the country which is owned by a family or an organization and is often used for growing crops or raising animals: »It's a typical country estate with a large house for the owner, farm buildings and estate workers' houses.
→ See also FREEHOLD ESTATE(Cf. ↑freehold estate), LEASEHOLD ESTATE(Cf. ↑leasehold estate), LEGAL ESTATE(Cf. ↑legal estate), LIFE ESTATE(Cf. ↑life estate), REAL ESTATE(Cf. ↑real estate)
Financial and business terms. 2012.