Skip to main content
Find a Lawyer

term:

Blockage

blockage n

: the condition of a large block of items of property (as shares of stock) that requires special valuation for purposes of estate and gift tax because the value of the items sold as a block differs from their value if sold individually

Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.
Copied to clipboard