Allotment vs Bequest - What's the difference?
allotment | bequest | Related terms |
The act of allotting; assignment.
That which is allotted; a share, part, or portion granted or distributed; that which is assigned by lot, or by the act of God; anything set apart for a special use or to a distinct party.
(legal) The allowance of a specific amount of scrip or of a particular thing to a particular person.
(British) A plot of land rented from the council for growing fruit and vegetables.
The act of bequeathing or leaving by will.
The transfer of property upon the owner's death according to the will of the deceased.
That which is left by will; a legacy.
That which has been handed down or transmitted.
A person's inheritance; an amount of property given by will.
