specific legacy

specific legacy
specific legacy UK US noun [C] LAW
a particular named object or asset that is given to someone out of the general assets of someone who has died: »

He added a codicil to his will giving specific legacies of €10,000 to each of his children.

Compare GENERAL LEGACY(Cf. ↑general legacy)

Financial and business terms. 2012.

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Look at other dictionaries:

  • specific legacy — see legacy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. specific legacy …   Law dictionary

  • Specific legacy — specific spe*cif ic (sp[ e]*s[i^]f [i^]k), a. [F. sp[ e]cifique, or NL. spesificus; L. species a particular sort or kind + facere to make. Cf. {specify}.] 1. Of or pertaining to a species; characterizing or constituting a species; possessing the… …   The Collaborative International Dictionary of English

  • specific legacy — noun : a bequest of a particular identifiable and existing thing or part (as a specified animal) out of a testator s estate compare general legacy * * * specific legacy A legacy of a definite thing, such as jewels, pictures, a sum of stock in the …   Useful english dictionary

  • specific legacy — A bequest of a particular, individualized chattel, fund, or portion of the testator s personal estate, which is set apart from the balance of his property and which is differentiated from all other articles or funds of the same or a similar… …   Ballentine's law 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

  • specific gift — England, Wales specific gift, Also known as a specific legacy. A gift of a particular asset (or assets) in a testator s estate to one or more beneficiaries in a will. For example, the following are all specific gifts: • I give the cash in my desk …   Law dictionary

  • specific — spe*cif ic (sp[ e]*s[i^]f [i^]k), a. [F. sp[ e]cifique, or NL. spesificus; L. species a particular sort or kind + facere to make. Cf. {specify}.] 1. Of or pertaining to a species; characterizing or constituting a species; possessing the peculiar… …   The Collaborative International Dictionary of English

  • Specific character — specific spe*cif ic (sp[ e]*s[i^]f [i^]k), a. [F. sp[ e]cifique, or NL. spesificus; L. species a particular sort or kind + facere to make. Cf. {specify}.] 1. Of or pertaining to a species; characterizing or constituting a species; possessing the… …   The Collaborative International Dictionary of English

  • Specific disease — specific spe*cif ic (sp[ e]*s[i^]f [i^]k), a. [F. sp[ e]cifique, or NL. spesificus; L. species a particular sort or kind + facere to make. Cf. {specify}.] 1. Of or pertaining to a species; characterizing or constituting a species; possessing the… …   The Collaborative International Dictionary of English

  • Specific duty — specific spe*cif ic (sp[ e]*s[i^]f [i^]k), a. [F. sp[ e]cifique, or NL. spesificus; L. species a particular sort or kind + facere to make. Cf. {specify}.] 1. Of or pertaining to a species; characterizing or constituting a species; possessing the… …   The Collaborative International Dictionary of English

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