| 释义 |
Definition of demonstrative legacy in English: demonstrative legacynoun Law A legacy which is directed to be paid from a specified fund or pool. Example sentencesExamples - A demonstrative legacy is a bequest of quantity, i.e. - money, payable from a particular fund, but differs from a specific legacy in that if this fund fails the bequest may be satisfied out of the general assets of the estate as in the case of general legacies.
- A general legacy, a demonstrative legacy, and a specific legacy represent the three primary types of legacies.
- It is obvious that the statement is not a sufficient compliance with the requirements of our statute to constitute a demonstrative legacy.
- Interest is generally payable from death on specific legacies, whereas a general or demonstrative legacy carries interest from the time at which it is payable (usually one year after the death)
- If the fund out of which a demonstrative legacy or an annuity is paid fails, resort may be made to the general assets.
Definition of demonstrative legacy in US English: demonstrative legacynoun Law A legacy which is directed to be paid from a specified fund or pool. Example sentencesExamples - It is obvious that the statement is not a sufficient compliance with the requirements of our statute to constitute a demonstrative legacy.
- If the fund out of which a demonstrative legacy or an annuity is paid fails, resort may be made to the general assets.
- A demonstrative legacy is a bequest of quantity, i.e. - money, payable from a particular fund, but differs from a specific legacy in that if this fund fails the bequest may be satisfied out of the general assets of the estate as in the case of general legacies.
- Interest is generally payable from death on specific legacies, whereas a general or demonstrative legacy carries interest from the time at which it is payable (usually one year after the death)
- A general legacy, a demonstrative legacy, and a specific legacy represent the three primary types of legacies.
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