Bequest vs Gratuity - What's the difference?
bequest | gratuity | Related terms |
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.
A reward, service, or payment provided freely, without obligation.
(common usage ) An additional charge placed for services rendered; see also: service fee.
