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Heirloom

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
Heirloom
An asset passed down within a family for several generations. Heirlooms refer to personal property, such jewelry or furniture, and not to major assets like real estate. Heirlooms often have intrinsic value, but because they may appeal to a limited demographic (family members and collectors), they may be illiquid.


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