Definition of demonstrative legacy in English:

demonstrative legacy

Line breaks: de¦mon|stra¦tive leg¦acy

noun

Law
A legacy which is directed to be paid from a specified fund or pool.
More example sentences
  • A general legacy, a demonstrative legacy, and a specific legacy represent the three primary types of legacies.
  • If the fund out of which a demonstrative legacy or an annuity is paid fails, resort may be made to the general assets.
  • 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)

Definition of demonstrative legacy in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day jaunty
Pronunciation: ˈdʒɔːnti
adjective
having a lively, cheerful, and self-confident manner...