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Crown
A term sometimes used in wills which effectively means HM Treasury. In the event of a deceased person not having made a will (intestacy), the proceeds from the estate pass to the Crown.
Similar MatchesCrown jewelCrown jewel
A particularly profitable or otherwise particularly valuable corporate unit or asset of a firm. Often used in risk arbitrage. The most desirable entities within a diversified corporation as measured by asset value, earning power, and business prospects; in takeover attempts, these entities typically are the main objective of the acquirer and may be sold by a takeover target to make the rest of the company less attractive. See: Scorched earth policy.
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