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WillA document which sets out how a person wishes his/her estate or property to be dispersed after his/her death. The document must be signed by the testator/testatrix (the person making the will) in the presence of two witnesses who must also sign. An executor (female form executrix) or executors are appointed by the testator to ensure that his/her wishes are carried out.Similar MatchesNuncupative WillNuncupative WillAn oral will, usually in a deathbed situation, before witnesses who later testify to its authenticity. Willingness to payWillingness to payThe largest amount of money that an individual or group could pay, along with a change in policy, without being made worse off. It is therefore a monetary measure of the benefit to them of the policy change. If negative, it measures its cost. Tenancy at willTenancy at willThe occupancy of property by a tenant for an unspecified period. The tenancy can be terminated by either the landlord or tenant at any time. Owner Will Carry MortgageOwner Will Carry MortgageA term used to indicate that the seller is willing to take back a purchase money mortgage. GoodwillGoodwillExcess of purchase price over fair market value of net assets acquired under the purchase method of accounting. Further SuggestionsWilliams ActTenant At Will goodwill Living will |
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