Examlex
A general legacy is a certain sum of money left by a testator to a named person.
Year-End Assets
The total value of all assets owned by an entity at the end of a financial year.
Liabilities
Financial obligations or debts that an entity owes to others, which can impact a company's net worth and financial health.
Net Asset Value
The value per share of a mutual fund or ETF, calculated by dividing the total value of all the securities in the portfolio, minus liabilities, by the number of outstanding shares.
Year-End Assets
The total value of all assets held by an individual or corporation calculated at the end of the fiscal year.
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