advancement

Definition of "advancement"
  1. A gift given by a living person, often a parent to a child, expected to reduce the recipient's portion of the giver's estate accordingly
How to use "advancement" in a sentence
  1. His father's gift of the family car was considered an advancement on his future inheritance.
  2. Her mother's gift of valuable jewelry was ruled by the court not to be an advancement but a separate gift.
  3. The house he received from his grandfather was an advancement on his inheritance.

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