\pɹˈə͡ʊbe͡ɪt pɹˈa͡ɪs], \pɹˈəʊbeɪt pɹˈaɪs], \p_ɹ_ˈəʊ_b_eɪ_t p_ɹ_ˈaɪ_s]\
Definitions of PROBATE PRICE
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For the purpose of inheritance taxes, the price of the shares are determined. It is computed by first taking the difference of the offered and bid prices, dividing it by four and then the result is added to the lower of the two prices.
By Henry Campbell Black
Word of the day
- A species of PERCIFORMES commonly used in saline aquaculture.