- benefit of inventory
- (Civil law.) The limitation of an heir's liability for the debts of the estate to the value of his inheritance.
Ballentine's law dictionary. Anderson, W.S.. 1998.
benefit of inventory
Look at other dictionaries:
benefit of inventory — see benefit 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
benefit of inventory — Etymology: translation of Late Latin beneficium inventarii Roman & civil law : the right of an heir to have an inventory of his ancestor s estate made in the presence of a notary and representatives of the creditors of the estate upon the heir s… … Useful english dictionary
benefit — ben·e·fit n 1: something that provides an advantage or gain; specif: an enhancement of property value, enjoyment of facilities, or increase in general prosperity arising from a public improvement general benefit: a benefit to the community at… … Law dictionary
benefit — Advantage; profit; fruit; privilege; gain; interest. The receiving as the exchange for promise some performance or forbearance which promisor was not previously entitled to receive. Graphic Arts Finishers, Inc. v. Boston Redevelopment Authority,… … Black's law dictionary
benefit — Advantage; profit; fruit; privilege; gain; interest. The receiving as the exchange for promise some performance or forbearance which promisor was not previously entitled to receive. Graphic Arts Finishers, Inc. v. Boston Redevelopment Authority,… … Black's law dictionary
Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… … Wikipedia
Inventory information approval system — An inventory information approval system, or IIAS, is a point of sale technology used by retailers that accept FSA debit cards, which are issued for use with medical flexible spending accounts (FSAs), health reimbursement accounts (HRAs), and… … Wikipedia
Vendor-managed inventory — (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer s … Wikipedia
Personality and Preference Inventory — The Personality and Preference Inventory (PAPI) was originally designed by Dr Max Kostick, Professor of Industrial Psychology at Boston State College, in Massachusetts, USA, in the early 1960s. Kostick’s original goal was to design an instrument… … Wikipedia
Waiver Of Inventory Clause — A clause in an insurance policy that says that the insurance company will not require the policyholder to provide a written list of the property that was not damaged during an insured event. The waiver of inventory clause will usually only apply… … Investment dictionary
