Usually means: Spouse's legal claim to estate.
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We found 8 dictionaries that define the word elective share:

General (3 matching dictionaries)
  1. elective share: Wiktionary
  2. elective share: Dictionary.com
  3. Elective Share, Elective share: Wikipedia, the Free Encyclopedia

Business (5 matching dictionaries)
  1. Everybody's Legal Dictionary (No longer online)
  2. THE 'LECTRIC LAW LIBRARY'S REFERENCE ROOM (No longer online)
  3. Glossary of Legal Terms (No longer online)
  4. Elective Share: Legal dictionary
  5. elective share: Financial dictionary

Definitions from Wiktionary (elective share)

noun:  (law) A proportion of a decedent's estate which the surviving spouse may claim, as a substitute for what they were left in the decedent's will.

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