Also, an independent contractor is generally one who has the opportunity to make a profit, or the risk of taking an out-of-pocket loss, while an employee generally does not have that opportunity nor does he take that risk.
Inheritance is the process wherein characteristics are inherited from ancestors. Similarly, in Java, a subclass inherits the characteristics (properties and methods) of its superclass (ancestor). For example, a vehicle is a superclass and a car is a subclass. The car (subclass) inherits all of the vehicleâs properties.
Legal Definition of inheritance. 1  1 : the act of inheriting: as a : the acquisition of real or personal property under the laws of intestacy or sometimes by will b : the succession upon the death of an owner either by will or by operation of law to all the estate, rights, and liabilities of the decedent.