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Simple English definitions for legal terms
patrimony
Read a random definition: agreement
A quick definition of patrimony:
Term: PATRIMONY
Definition: Patrimony refers to the things that a person inherits from their father or other ancestors. This can include money, property, or other valuable possessions. In some legal systems, patrimony also includes a person's debts and other financial obligations. Essentially, patrimony is the legacy or heritage that a person receives from their family.
A more thorough explanation:
Patrimony refers to an inheritance or legacy that is passed down from one's father or other ancestor. It can also refer to a person's assets and liabilities that can be valued monetarily and used to pay off debts.
- When my grandfather passed away, he left his entire patrimony to my father.
- In civil law, a person's patrimony can be seized by creditors to pay off debts.
These examples illustrate how patrimony can refer to both an inheritance and a person's financial assets. In the first example, the patrimony is a physical inheritance passed down from one generation to the next. In the second example, patrimony is used in a legal context to refer to a person's financial assets that can be used to pay off debts.