"Demonstrative Legacy" is a word in LAW AND LEGAL
A demonstrative legacy is a bequest of a certain sum of money; intended for the legatee at all events, with a fund particularly referred to for its payment; so that if the estate be not the testator’s property at his death, the legacy will not fail: but be payable out of general assets. See LEGACY
- Legacy in LAW AND LEGAL
My wife and I had called on Miss Stein, and she and the friend who lived with her had been very cordial and friendly and we had loved the big studio with the great paintings. I t was like one of the best rooms in the finest museum except there was a big fireplace and it was warm and comfortable and they gave you good things to eat and tea and natural distilled liqueurs made from purple plums, yellow plums or wild raspberries.Miss Stein was very big but not tall and was heavily built like a peasant woman. She had beautiful eyes and a strong German-Jewish face that also could have been Friulano and she reminded me of a northern I talian peasant woman with her clothes, her mobile face and her lovely, thick, alive immigrant hair which she wore put up in the same way she had probably worn it in college. She talked all the time and at first it was about people and places.Her companion had a very pleasant voice, was small, very dark, with her hair cut like Joan of Arc in the Boutet de Monvel illustrations and had a very hooked nose. She was working on a piece of needlepoint when we first met them and she worked on this and saw to the food and drink and talked to my wife. She made one conversation and listened to two and often interrupted the one she was not making. Afterwards she explained to me that she always talked to the wives. The wives, my wife and I felt, were tolerated. But we liked Miss Stein and her friend, although the friend was frightening. The paintings and the cakes and the eau-de-vie were truly wonderful. They seemed to like us too and treated us as though we were very good, well-mannered and promising children and I felt that they forgave us for being in love and being married - time would fix that - and when my wife invited them to tea, they accepted.
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An American automobile company and a Japanese auto company decided to have a competitive boat race on the Detroit River. Both teams practiced hard and long to reach their peak performance. On the big day, they were as ready as they could be.The Japanese team won by a mile.Afterwards, the American team became discouraged by the loss and their morale sagged. Corporate management decided that the reason for the crushing defeat had to be found. A Continuous Measurable Improvement Team of "Executives" was set up to investigate the problem and to recommend appropriate corrective action.Their conclusion: The problem was that the Japanese team had 8 people rowing and 1 person steering, whereas the American team had 1 person rowing and 8 people steering. The American Corporate Steering Committee immediately hired a consulting firm to do a study on the management structure.After some t ime and billions of dollars, the consulting firm concluded that "too many people were steering and not enough rowing." To prevent losing to the Japanese again next year, the management structure was changed to "4 Steering Managers, 3 Area Steering Managers, and 1 Staff Steering Manager" and a new performance system for the person rowing the boat to give more incentive to work harder and become a six sigma performer. "We must give him empowerment and enrichment." That ought to do it.The next year the Japanese team won by two miles.The American Corporation laid off the rower for poor performance, sold all of the paddles, cancelled all capital investments for new equipment, halted development of a new canoe, awarded high performance awards to the consulting firm, and distributed the money saved as bonuses to the senior executives.
To diminish; to reduce. Legacies are liable to be abated entirely or in proportion, upon a deficiency of assets.
Read the complete definitionTo revoke, as a legacy, grant, etc., or to satisfy it by some other gift.
Read the complete definitionTo take away, recall, or revoke. To satisfy a legacy by some gift or substituted disposition, made by the testator, …
Read the complete definitionLat In the civil law. A revocation of a legacy; an ademption. Inst 2, 21, pr. where it was expressly …
Read the complete definitionThe revocation or taking away of a grant donation, legacy, or the like.
Read the complete definitionThe revocation, recalling, or cancellation of a legacy, according to the apparent intention of the testator, implied by the law …
Read the complete definitionIn Scotch law. To approve and reject; to take advantage of one part, and reject the rest Bell. Equity suffers …
Read the complete definitionProperty of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because …
Read the complete definitionIn probate law. Property of a decedent available for the payment of debts and legacies; the estate coming to the …
Read the complete definitionTo bequeath, or leave as a legacy.
Read the complete definitionThat which is left by will, esp. personal property; a legacy; also, a gift.
Read the complete definitionA person who obtains a gift or legacy through artifice
Read the complete definitionIn Roman law. The rule which is commonly expressed ln the maxim, Quod ab initio non valet tractu temporis non …
Read the complete definitionA co-legatee; a per-son who has a legacy left to him ln common with other persons
Read the complete definitionGiven by same testator to the same legatee; -- said of a legacy.
Read the complete definitionof legacies and trusts. The name of a tltle of the Pandects. Dig. 30.
Read the complete definitionThe purpose to which it is intended an article or a fund shall be applied. A testator gives a destination …
Read the complete definitionLat I give, I bequeath; or I give and bequeath. The formal words of making a bequest or legacy, in …
Read the complete definitionL. Fr. In Its mother's womb. A term descriptive of an unborn child. For some purposee the law regards an …
Read the complete definitionIn Roman law. A law on the subject of testamentary disposi-tion, enacted by the people in the year of Rome …
Read the complete definition