In Spanish Leaw. Called, also, Sobrestadia. The time for which the party who has chartered a vessel, or is bound to receive the cargo, has to pay demurrage on account of his delay in the execution of the contract. ESTATE (Lat. status, the condition or circumstances in which the owner stands with reference to his property). The degree, quantity, nature, and extent of interest which a person has in real property. It signifies the quantity of interest which a person has, from absolute ownership down to naked possession. 9 Cow. 81. This word has several meanings. 1. In its most extensive sense, it is applied to signify everything of which riches or fortune may consist, and includes personal and real property: hence we say, personal estate, real estate; 8 Ves. 504; 16 Johns. 587; 4 Mete. 178; 8 Cra. 97; 55 Mo. 284; 10 Mass. 823; 1 Pet. 585; 4 Harr. (Del.) 177; 82 Miss. 107; 4 McCord 60; 14 N. J. L. 53. 2. In its more limited sense, the word estate is applied to lands. It is so applied in two senses. The first describes or points out the land itself, without ascertaining the extent or nature of the interest therein: as, "my estate at A." 18 Pick. 537. The second, which is the proper and technical meaning of estate, is the degree, quantity, nature, and extent of interest which one has in real property: as, an estate in fee, whether the same be a fee- simple or fee-tail, or, an estate for life or for years, etc. Coke says, Estate signifies such inheritance, freehold, term of years, tenancy by statute mer- chant, staple, eligit, or the like, as any man hath in lands or tenements, etc. Co. Litt. §§ 345, 650 a. Sce Jones, Land Off. Titles in Penna. 165-170. Estate does not include rights in action; 12 Ired. L. 61; 35 Miss. 25; 18 Pa. 249. But as the word is commonly used in the settlement of estates, it does include the debts as well as the assets of a bankrupt or decedent, all his obligations and resources being regarded as one entirety. See 9 La. 185. Also the status or con- dition in life of a person; 15 Me. 122. See ESTATES