The amount or property received by a non- profit organisation as stated by the will of a deceased person is commonly referred to as __________.

Donation

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Honorarium

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Legacy

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Endowment

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Solution

The correct option is C
Legacy

Legacy is the amount or property received by a non- profit organisation as stated by the will of a deceased person.

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Property received as a result of the will of the deceased person is called ____

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