free bench

Hist. A widow’s (and occasionally a widower’s) interest in the deceased spouse’s estate.

• Free bench gave the surviving spouse a half interest in the estate until death or remarriage.

— Also termed francus bancus; frank bank; liber bancus.

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词条贡献者

译者张文，国际知名商学院金融专业，擅长翻译各种与结构性融资及衍生品诉讼相关的法律文件。