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Estate

/ɪˈsteɪt/noun
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An estate generally refers to a large piece of land with a grand house or buildings, often evoking images of sprawling countryside manors. In legal and financial contexts, it encompasses all the property, assets, and possessions owned by an individual, particularly those passed on after death, making it a key term in inheritance and real estate dealings today.

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The Duchy of Cornwall, one of the largest private estates in the UK, generates over £20 million annually for the heir to the throne, and has been passed down through the royal family since 1337, influencing British economy and land management for centuries.

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