Business terms and jargon explained. Your business dictionary

What is Bequest

This is a gift left in a Last will and testament to either a person or organization. There are four types of bequests.

  1. Residuary bequest - after all other gifts and debts are cleared. The remainder can be left in total or in part to a Beneficiary.
  2. Pecuniary bequest - this is a fixed sum of money.
  3. Specific bequest - is a named item left as a gift in the will. E.g. clock, painting and jewellery etc.
  4. Contigent bequest - is a gift which is dependent on an occurrence or event. E.g. 50,000 from the estate to my son for every child he has fathered before I die. See Get a Last will and testament

Get a Last will and testament

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Search Term   

Publici juris Commission Principal trade Narrowband
Continental Shelf Zombies Western Union Cryptography
Snail mail Domicile of dependency Executrix-nominate Take offline
Business Expenses Parental leave policy Gross value added - GVA Bank Reconciliation
GZIP Secured creditor Abort fee Voluntary Liquidation
Bitcoin Wholesaler mutatis mutandis Cheque Clearing
Best practice Woody Prospecting Assignee
Company Director service agreement PLN Board of Directors Application
Guarantor Confiscation order Ogden tables Excise Duties
Back Office Affidavit Preferred stock Overgeared

Term created / updated 2014-03-18 11:20:18

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2018 Scopulus Limited. All rights reserved.