Legacy

A bequest of goods or chattels; v. Bequeath; a gift by last will. A general legacy is one payable out of any assets; a specific legacy is a legacy of a particular piece of property; a demonstrative legacy is one directed to be paid out of a particular fund. A cumulative legacy: one given in addition to, not in lieu of, one given before. A lapsed legacy: v. Lapse. A residuary legacy: a bequest of all the testator's personal estate not otherwise disposed of by the will.