demonstrative legacy — ➔ legacy * * * demonstrative legacy UK US noun [C] LAW ► an amount of money, shares, etc. from a particular bank account that someone leaves in their will (= a legal document in which they state what should be done with their money and property… … Financial and business terms
demonstrative legacy — A legacy which differs from a general legacy in that it refers to a particular fund or particular property as a primary source of payment, the two essentials of such a legacy being an unconditional gift in the nature of a general legacy and a… … Ballentine's law dictionary
demonstrative legacy — noun : a legacy made payable out of a designated fund or asset … Useful english 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
demonstrative — I (expressive of emotion) adjective communicative, effusive, emotional, emotive, excitable, expressive, fanatical, fervent, feverish, fierce, fiery, free in expression, furious, histrionic, maudlin, overflowing, overwrought, passionate, prone to… … 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, demonstrative — n. A bequest of money that is to be paid out of a specific fund. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
demonstrative bequest — A testamentary gift which, by its terms, must be paid from a specific fund; e.g. bequest of one thousand dollars to be paid from testator s shares of stock in X Corporation. Hence, it is partly a general bequest and partly a specific bequest. See … Black's law dictionary
