PayPal charges a fee (based on the currency received) to the seller when the buyer files a chargeback with his/her credit card issuer. If the transaction is protected by Seller Protection Policy, PayPal will cover the amount of the chargeback and waive the chargeback fee. You can view the chargeback fee and process in the User Agreement.
A bequest is the act of giving property by will. Strictly, bequest is used of personal property, and devise of real property.In legal terminology, bequeath is a verb form meaning to make a bequest.ection 102(a) of the Code makes an exception for bequests stating that Gross income does not include the value of property acquired by gift, bequest, or inheritance.. In general this means that the value or amount of the bequest does not need to be included in a taxpayer's gross income.
Pecuniary Legacy Law & Legal Definition. Legacy is the gift of personal property effected by will. Legacy in the form of money is pecuniary legacy. This is the gift of a sum of money.The gift carries interest from one year after the testator's death. Usually a pecuniary legacy is a general legacy.ecuniary Legacy Law & Legal Definition. Legacy is the gift of personal property effected by will. Legacy in the form of money is pecuniary legacy. This is the gift of a sum of money.