A legacy which is directed to be paid from a specified fund or pool.
〔律〕指明账户遗赠，指定遗赠
Example sentencesExamples
A demonstrative legacy is a bequest of quantity, i.e. - money, payable from a particular fund, but differs from a specific legacy in that if this fund fails the bequest may be satisfied out of the general assets of the estate as in the case of general legacies.
A general legacy, a demonstrative legacy, and a specific legacy represent the three primary types of legacies.
It is obvious that the statement is not a sufficient compliance with the requirements of our statute to constitute a demonstrative legacy.
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)
If the fund out of which a demonstrative legacy or an annuity is paid fails, resort may be made to the general assets.
Definition of demonstrative legacy in US English:
demonstrative legacy
noun
Law
A legacy which is directed to be paid from a specified fund or pool.
〔律〕指明账户遗赠，指定遗赠
Example sentencesExamples
It is obvious that the statement is not a sufficient compliance with the requirements of our statute to constitute a demonstrative legacy.
If the fund out of which a demonstrative legacy or an annuity is paid fails, resort may be made to the general assets.
A demonstrative legacy is a bequest of quantity, i.e. - money, payable from a particular fund, but differs from a specific legacy in that if this fund fails the bequest may be satisfied out of the general assets of the estate as in the case of general legacies.
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)
A general legacy, a demonstrative legacy, and a specific legacy represent the three primary types of legacies.