FindLaw Legal Dictionary
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term:
Blockage
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blockage n
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: 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.