general legacy — ➔ legacy * * * general legacy UK US noun [C or U] LAW ► an amount of money or other asset that is given to someone out of the general assets of a person who has died, rather than a particular named object or asset: »General legacies have priority … Financial and business terms
general legacy — noun : a testamentary gift of tangible or intangible personal property not amounting to a bequest of specific money or of a particular thing and not identified by a description that sets it apart from all other assets of the same kind in the… … Useful english dictionary
general legacy — A legacy designated primarily by quantity or amount, such as a gift of a stated amount of money, and which may be satisfied out of the general assets of the testator, without the necessity of delivering any particular chattel or fund to the… … Ballentine's law dictionary
general legacy — unspecified assets bequeathed in a will … English contemporary dictionary
legacy — leg·a·cy / le gə sē/ n pl cies [Medieval Latin legatio, from Latin legare to bequeath]: a gift of property by will; specif: a gift of personal property by will: bequest see also ademption compare devise conjoint leg … Law dictionary
general — gen·er·al / jen rəl, je nə / adj 1: involving, applicable to, or affecting the whole 2: involving, relating to, or applicable to every member of a class, kind, or group 3: not confined by specialization or limitation 4: relating to, determined by … Law dictionary
legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be … Black's law dictionary
legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be … Black's law dictionary
legacy — ▪ I. legacy leg‧a‧cy 1 [ˈlegəsi] noun legacies PLURALFORM [countable] 1. a situation that exists as a result of things that happened at an earlier time: • Hotels are in oversupply, a legacy of the last building boom. 2 … Financial and business terms
legacy — /leg euh see/, n., pl. legacies. 1. Law. a gift of property, esp. personal property, as money, by will; a bequest. 2. anything handed down from the past, as from an ancestor or predecessor: the legacy of ancient Rome. 3. an applicant to or… … Universalium
