Business Terms and Jargon Explained

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.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

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   

Crown Copyright Waiver Tort Trial contents
Network Address Translation - NAT Offshore Accountability
Wholesaler Factum Competition analysis
Internal Control Addendum Endogenous Convergence
DDOS User Group BIS
Executrix-dative RAR Inland Revenue
Drawback DNS European Council
Decree Nisi Unit of trading Apple polisher
In company Training N9 Civil Court form Dependency
The Bar Declaration Date Dong
Administrator Company Secretary Overseas company
Cash Accounting Covenant Benefits in kind
Sin Tax Assumption Nanotechnology

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 jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2020 Scopulus Limited. All rights reserved.