Glossary entry (derived from question below)
Italiano term or phrase:
{procedura della} eredità beneficiata
Inglese translation:
'benefit-of-inventory' solvent estate{s administration procedure}
Italiano term
eredità beneficiata
... rappresentare la costituente nella procedura della eredità beneficiata. Vedi per la spiegazione italiana
http://appinter.csm.it/incontri/relaz/6061.pdf
Esiste un corrispondente in inglese?
3 | solvent estate/accepted with 'benefit of inventory' = liability limited to the assets received |
Adrian MM. (X)
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3 +1 | benfitting bequest |
ChrisJude
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3 -1 | Net asset value (NAV) acceptance. |
Gad Kohenov
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Dec 18, 2009 19:12: Adrian MM. (X) Created KOG entry
Dec 18, 2009 19:16: Adrian MM. (X) changed "Edited KOG entry" from "<a href="/profile/95262">Adrian MM. (X)'s</a> old entry - "{procedura della} eredità beneficiata"" to ""solvent estate{s administration procedure}""
Proposed translations
solvent estate/accepted with 'benefit of inventory' = liability limited to the assets received
Bequest/legacy is of goods or money (chattels) only vs. a devise which is of land only. There is no indication that one or the other has been made.
Garzanti's dictionary: beneficiary inheritance/'inheritance of inventory' may be Italo-English, but seem to hide the semblance of an answer.
Benefit of inventory: on acceptance of the estate by the beneficiary/ies, liability is limited to the assets recvd. and not beyond for the debts.
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Note added at 10 hrs (2009-12-13 21:23:34 GMT)
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How I would phrase it: *to act for the grantor* in the solvent estates administration procedure
* also: to represent the appointor, client or donor of the power
ET has learned that temporary administrators handling the estate of Michael Jackson have recovered millions from the late icon www.etonline.com/news/2009/07/76837/index.html
Eredità beneficiata. ° Art. 484 e segg. C.C.: accettazione degli eredi con beneficio di inventario
So how would you phrase it, "Represent the constituent party in any inheritance accepted with benefit of inventory proceedings?" Thank |
benfitting bequest
Net asset value (NAV) acceptance.
National Bank Direct Brokerage glossary
Banking term
Net asset value (NAV)
In a mutual fund (set up as a trust or a corporation), NAV is the total value of all the assets, determined daily based on the market value of the portfolio, less all liabilities. Also called net worth or net assets.
Reference: http://w3.nbdb.ca/tools_planification/glossary.jsp?menu=4_5
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