benefit of inventory

noun

A legal privilege whereby an heir secured himself against unlimited liability for his ancestor, by giving up within the annus deliberandi an inventory of his heritage or real estate, which then represented the maximum extent to which he was liable.

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Meanings

nounbenefit of inventory (uncountable)
  1. uncountableScots lawA legal privilege whereby an heir secured himself against unlimited liability for his ancestor, by giving up within the annus deliberandi an inventory of his heritage or real estate, which then represented the maximum extent to which he was liable.
Cite this entry
APA

benefit of inventory. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/benefit%20of%20inventory

MLA

“benefit of inventory.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/benefit%20of%20inventory. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “benefit of inventory,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/benefit%20of%20inventory.

Source: benefit of inventory on Wiktionary, CC BY-SA 4.0.