Conditional Bequest

Business, Legal & Accounting Glossary

Definition: Conditional Bequest




What is the dictionary definition of Conditional Bequest?

Dictionary Definition


n. in a will, a gift which will take place only if a particular event has occurred by the time the maker of the will dies. Example: Ruth’s will provides that “Griselda will receive the nursery furniture if she has children at the time of my death.” This is slightly different from an executory bequest, which could provide for a gift to a beneficiary upon the happening of a specified event. Example of an executory bequest: a trust provides “Betty shall receive the house held in trust when she marries.


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Conditional Bequest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/conditional-bequest/ (accessed: September 22, 2021).
American Psychological Association (APA):
Conditional Bequest. PayrollHeaven.com. Retrieved September 22, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/conditional-bequest/

Definition Sources


Definitions for Conditional Bequest are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 4 Views.