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    Definition of legacy

    Dictionary of Business Terms: legacy
    legacy

    disposition by will of personal property.

    Dictionary of Computer and Internet Terms: legacy
    legacy

    anything left over from a previous version of the hardware or software. For example, legacy applications are applications from earlier versions of DOS or Windows; legacy hardware is hardware that does not support Plug and Play.

    Dictionary of Finance and Investment Terms: legacy
    legacy

    gift under a will of cash or some other specific item of personal property, such as a stock certificate, a car, or a piece of jewelry. The legacy usually is conditioned, meaning the legatee is required to be employed by the testator-the person who makes the will-or related to the testator by marriage. In other cases, a legacy to a legatee who has not attained a particular age at the testator's death will be held in trust for the legatee, instead of being distributed outright.

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