legacy

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legacy

legacy bequest by will of personal property , similar in many respects to a gift causa mortis. A legacy ordinarily is distinguished from a devise, which transfers real property by will. The person who receives a legacy is called a legatee. Legacies are of various types. A specific legacy bequeaths a designated object, e.g., a named painting. A general legacy is a sum of money to be paid out of any assets of the estate. The residuary legacy is all of the deceased's personal property otherwise undistributed.

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legacy

The Oxford Pocket Dictionary of Current English | 2009 | © The Oxford Pocket Dictionary of Current English 2009, originally published by Oxford University Press 2009. (Hide copyright information) Copyright

leg·a·cy / ˈlegəsē/ • n. (pl. -cies) an amount of money or property left to someone in a will. ∎ a thing handed down by a predecessor: the legacy of centuries of neglect. • adj. Comput. denoting software or hardware that has been superseded but is difficult to replace because of its wide use.

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legacy

The Concise Oxford Dictionary of English Etymology | 1996 | | Â© The Concise Oxford Dictionary of English Etymology 1996, originally published by Oxford University Press 1996. (Hide copyright information) Copyright

legacy †legateship XIV; bequest XV. — OF. legacie — medL. lēgātia legateship, f. lēgātus LEGATE. In the second and current sense repr. AL. lēgantia, f. lēgāre (see LEGATE).

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T. F. HOAD. "legacy." The Concise Oxford Dictionary of English Etymology. 1996. Encyclopedia.com. 22 Dec. 2009 <http://www.encyclopedia.com>.

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