patrimony

patrimony
/paetramaniy/
Such estate as has descended in the same family. Estates which have descended or been devised in a direct line from the father, and, by extension, from the mother or other ancestor. It has been held that the word is not necessarily restricted to property inherited directly from the father. Patrimony is the total mass of existing or potential rights and liabilities attached to a person for the satisfaction of his economic needs and patrimony is always attached to a natural or juridical person. Creech v. Capitol Mack, Inc., La., 287 So.2d 497, 503.
Patrimony of a debtor is totality of assets and liabilities susceptible of pecuniary evaluation; as practical matter, debtor's patrimony consists of assets which are subject to execution for benefit of creditor. Hastings v. Dinning, La.App., 314 So.2d 744, 746

Black's law dictionary. . 1990.

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  • Patrimony — may refer to:* Property or other legal entitlements inherited from (or through) one s father, especially if it has been handed down through generations in the same family, birthright. * The sum total of all personal and real entitlements,… …   Wikipedia

  • patrimony — pat·ri·mo·ny / pa trə ˌmō nē/ n pl nies [Middle French patrimonie, from Latin patrimonium, from patr pater father] 1: an estate inherited from one s father or ancestor to deprive her and her coheirs of their patrimony Wells Fargo Bank v. Kincaid …   Law dictionary

  • patrimony — pat‧ri‧mo‧ny [ˈpætrməni ǁ moʊni] noun [uncountable] LAW property, goods etc that are passed through a family or nation over a very long period of time; = INHERITANCE: • Under the service contract, any oil found remains the exclusive patrimony of …   Financial and business terms

  • Patrimony — Pat ri*mo*ny, n.; pl. {Patrimonies}. [L. patrimonium, fr. pater father: cf. F. patrimoine. See {Paternal}.] 1. A right or estate inherited from one s father; or, in a larger sense, from any ancestor. Reave the orphan of his patrimony. Shak. [1913 …   The Collaborative International Dictionary of English

  • patrimony — (n.) mid 14c., property of the Church, also spiritual legacy of Christ, from O.Fr. patrimonie (12c.), from L. patrimonium a paternal estate, inheritance, from pater (gen. patris) father (see FATHER (Cf. father) (n.)) + monium, suffix signifying… …   Etymology dictionary

  • patrimony — *heritage, inheritance, birthright …   New Dictionary of Synonyms

  • patrimony — ► NOUN (pl. patrimonies) 1) property inherited from one s father or male ancestor. 2) heritage. ORIGIN Latin patrimonium, from pater father …   English terms dictionary

  • patrimony — [pa′trə mō΄nē] n. pl. patrimonies [ME patrimoigne < OFr patrimoine < L patrimonium < pater,FATHER + monium, MONY] 1. property inherited from one s father or ancestors 2. property endowed to an institution, as a church 3. anything… …   English World dictionary

  • patrimony — [[t]pæ̱trɪməni, AM moʊni[/t]] 1) N SING Someone s patrimony is the possessions that they have inherited from their father or ancestors. [FORMAL] I left my parents house, relinquished my estate and my patrimony. 2) N SING A country s patrimony is… …   English dictionary

  • Patrimony of affectation — In the civil law tradition the patrimony of affectation is a patrimony, or legal entitlement, that can be divided for a purpose, as being distinct from the general patrimony of the person. It is similar to the common law concept of the trust in… …   Wikipedia

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