lapsed legacy

A legacy to a legatee who dies either before the testator dies or before the legacy is payable.

• It falls into the residual estate unless the jurisdiction has an antilapse statute.

— Also termed failed legacy; failed gift. See ANTILAPSE STATUTE. [Cases: Wills 774–777. C.J.S. Wills §§ 1791–1808.]

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词条贡献者

资深译员Jenny，国内名牌大学法律英语专业，专注翻译各种与重组、破产及重整有关的法律文件。