Definition of the Crown Estate from the Oxford Advanced Learner's Dictionary

 

the Crown Estate

 
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all the lands and buildings owned by the British King or Queen and the money that is made from them. In 1760, King George III gave up the monarch's rights to these in return for the Civil List, a payment made to the King or Queen every year by Parliament. As a result the money from the Crown Estate, which is managed by the Crown Estate Commissioners, is now collected by the government on behalf of the British people.