satisfaction by legacy

satisfaction by legacy
The discharge of an inter vivos obligation by bequest made by the will of the obligor in favor of the obligee, as where a legacy satisfies a covenant contained in a marriage settlement. Anno: 26 ALR2d 15.

Ballentine's law dictionary. . 1998.

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  • satisfaction — Act of satisfying; the state of being satisfied. Seago v. New York Cent. R. Co., 349 Mo. 1249,164 S.W.2d 336, 341. The discharge of an obligation by paying a party what is due to him (as on a mortgage, lien, note, or contract), or what is awarded …   Black's law dictionary

  • legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be …   Black's law dictionary

  • legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be …   Black's law dictionary

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