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Question
The amount or property received by a non-profit organization as stated by the will of a deceased person is commonly referred to as ______________.
The amount or property received by a non-profit organization as stated by the will of a deceased person is commonly referred to as ______________.
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Solution
The correct option is C Legacy
Legacy is the amount received by a non-profit organisation when a person has mentioned about transferring his property value to such organisation on his or her death. Hence, on death of that person, his property will be taken by the non-profit organisation.
Legacy is the amount received by a non-profit organisation when a person has mentioned about transferring his property value to such organisation on his or her death. Hence, on death of that person, his property will be taken by the non-profit organisation.
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