Meaning of “general legacy” in the English Dictionary


"general legacy" in Business English

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general legacynoun [ C or U ]

uk us LAW

an amount of money or other asset that is given to someone out of the general assets of a person who has died, rather than a particular named object or asset:

General legacies have priority even when there are changes in the estate after the death of the testator.

(Definition of “general legacy” from the Cambridge Business English Dictionary © Cambridge University Press)