inheritance money!

inheritance money

Comprehensive Analysis

1) "Inheritance" -- As to inheritance money inˇherˇiˇtance Pronunciation: in-'her-&-t&n(t)s, -'he-r&- Function: noun 1 a : the act of inheriting property b : the reception of genetic qualities by transmission from parent to offspring c : the acquisition of a possession, condition, or trait from past generations 2 : something that is or may be inherited 3 a : TRADITION b : a valuable possession that is a common heritage from nature 4 obsolete : POSSESSION Pronunciation Symbols Inheritance is the practice of passing on property, titles, debts, and obligations upon the death of an individual. It has long played an extremely important role in human societies. Both anthropology and sociology have made detailed studies in this area. Many cultures feature patrilineal succession, also known as gavelkind, where only male children can inherit. Some cultures also employ matrilineal succession only passing property along the female line. Other practices include primogeniture, under which all property goes to the eldest child, or often the eldest son, or ultimogeniture, in which everything is left to the youngest child. Some ancient societies and most modern states employ partible inheritance, under which every child inherits (usually equally). Historically, there were also mixed systems: In Swedish culture, from the 13th century until the 19th century, sons inherited twice as much as daughters. This rule was introduced by the Regent Birger Jarl, and it was regarded as an improvement in its era, since daughters were previously usually left without. Among ancient Israelites, the eldest son received twice as much as the other sons. Among Galician people it was typical that all children (both men and women) had a part of the inheritance, but one son (the one who inherited the house) inherited one-third of all the inheritance. This son was called the mellorado. In some villages the mellorado even received two-thirds of all the inheritance. This two-thirds would be all the family's lands, while other children received their part in money. According to Islamic Inheritance jurisprudence, sons inherit twice as daughters. The complete laws governing inheritance in Islam are complicated and take into account many kinship relations, but in principle males inherit twice as females in most cases. There is one interesting exception: The Indonesian Minangkabau people from West part of Sumatra island despite being strong Muslims employ only complete matrilineal succession with property and land passing down from mother to daughter. They find no contradiction between their culture and faith.<..." 2) "Money" -- As to inheritance money 1monˇey Pronunciation: 'm&-nE Function: noun Inflected Form(s): plural moneys or monˇies /'m&-nEz/ Usage: often attributive Etymology: Middle English moneye, from Anglo-French moneie, from Latin moneta mint, money -- more at MINT 1 : something generally accepted as a medium of exchange, a measure of value, or a means of payment: as a : officially coined or stamped metal currency b : MONEY OF ACCOUNT c : PAPER MONEY 2 a : wealth reckoned in terms of money b : an amount of money c plural : sums of money : FUNDS 3 : a form or denomination of coin or paper money 4 a : the first, second, and third place winners (as in a horse or dog race) -- usually used in the phrases in the money or out of the money b : prize money <his horse took third money> 5 a : persons or interests possessing or controlling great wealth b : a position of wealth <born into money> - for one's money : according to one's preference or opinion - on the money : exactly right or accurate <her intuition was right on the money> [money table] Pronunciation Symbols Numismatics Numismatic terminology Currency Circulating currencies Community currencies Fictional currencies Ancient currencies Medieval currencies Modern currencies Production Exonumia Notaphily Scripophily Economics offers various definitions for money, though it is now commonly defined as any good or token that functions as a medium of exchange that is socially and legally accepted in payment for goods and services and in settlement of debts. Money also serves as a standard of value for measuring the relative worth of different goods and services. Some authors explicitly require money to be a standard of deferred payment, too [1]. In common usage, money refers more specifically to currency, particularly the many circulating currencies with legal tender status conferred by a national state; deposit accounts denominated in such currencies are also considered part of the money supply, although these characteristics are historically comparatively recent. Money may also serve as a means of rationing access to scarce resources and as a quantitative measure that provides a common standard for the comparison and valuation of quality as well as quantity, such as in the valuation of real estate or artistic works. The use of money provides an easier alternative to barter, which is considered in a modern, complex economy to be inefficient because it requires a coincidence of wants between traders, and an agreement that these needs are of equal value, before a transaction can occur. The efficiency gains through the use of money are thought to encourage trade and the division of l..." 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