per stirpes

per stirpes definition - business

per stirpes

Distribution of an estate in which the descendants of deceased ancestors of the departed receive proportional shares of the estate as if their deceased ancestors had lived. In short, children take the share to which their deceased ancestor was entitled. The size of the proportional shares depends on the kinship.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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