Definition of legacy

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Legacy (n.) A gift of property by will, esp. of money or personal property; a bequest. Also Fig.; as, a legacy of dishonor or disease..

Lern More About Legacy

Foundation :: Foundation (n.) A donation or legacy appropriated to support a charitable institution, and constituting a permanent fund; endowment..
Legacy :: Legacy (n.) A gift of property by will, esp. of money or personal property; a bequest. Also Fig.; as, a legacy of dishonor or disease..
Legatee :: Legatee (n.) One to whom a legacy is bequeathed.
Bequest :: Bequest (v. t.) To bequeath, or leave as a legacy..
Ademption :: Ademption (n.) The revocation or taking away of a grant donation, legacy, or the like..
Transmission :: Transmission (n.) The right possessed by an heir or legatee of transmitting to his successor or successors any inheritance, legacy, right, or privilege, to which he is entitled, even if he should die without enjoying or exercising it..
Delegacy :: Delegacy (a.) A body of delegates or commissioners; a delegation.
Legator :: Legator (n.) A testator; one who bequeaths a legacy.
Cumulative :: Cumulative (a.) Given by same testator to the same legatee; -- said of a legacy.
Substitution :: Substitution (n.) The designation of a person in a will to take a devise or legacy, either on failure of a former devisee or legatee by incapacity or unwillingness to accept, or after him..
Delegacy :: Delegacy (a.) The act of delegating, or state of being delegated; deputed power..
Leave :: Leave (v.) To have remaining at death; hence, to bequeath; as, he left a large estate; he left a good name; he left a legacy to his niece..
Lapsed :: Lapsed (a.) Ineffectual, void, or forfeited; as, a lapsed policy of insurance; a lapsed legacy..
Bequest :: Bequest (n.) That which is left by will, esp. personal property; a legacy; also, a gift..
Windfall :: Windfall (n.) An unexpected legacy, or other gain..
Adeem :: Adeem (v. t.) To revoke, as a legacy, grant, etc., or to satisfy it by some other gift..
Legacy :: Legacy (n.) A business with which one is intrusted by another; a commission; -- obsolete, except in the phrases last legacy, dying legacy, and the like..
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