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Encyclopedia > Patrimony

1. 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. // Use of the term The concept of property or ownership has no single or universally accepted definition. ...


2. In civil law systems the sum total of all personal and real entitlements, including movable and immovable property, belonging to a real person or a moral person. Similar to the common law concept of one's estate, though applied differently. All persons have a patrimony. Patrimonies may also exist independent of persons such as the patrimony of affectation, similar but substantially different from the common law trust or the patrimony of a foundation when it is a social trust. See also family patrimony. Civil law has at least three meanings. ... A corporation is a legal entity (distinct from a natural person) that often has similar rights in law to those of a natural person. ... Estate is a term used in the common law. ... 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. ... In common law legal systems, a trust is a contractual relationship in which a person or entity (the trustee) has legal title to certain property (the trust property or trust corpus), but is bound by a fiduciary duty to exercise that legal control for the benefit of one or more... A Foundation is a type of philanthropic organization set up by either individuals or institutions as a legal entity (usually either a corporation or a trust) with the purpose of distributing grants to support causes in line with the goals of the foundation. ... Family patrimony is a type of civil law patrimony that is created by marriage or civil union (where recognized) which creates a bundle of entitlements and obligations that must be shared by the spouses or partners upon divorce, annulment, dissolution of marriage or dissolution of civil union, when there must...


3. The national patrimony, the store of wealth or accumulated reserves of a national economy, is often extended from its base connoting the mere national capital and built infrastructure to include the national artistic patrimony. On this basis, export of certain important works of art may be regulated, delayed or forbidden outright. Certain foreign works of art become embedded in the national patrimony with time: the horses of St Mark's Basilica, Venice, are unlikely to be returned to Istanbul, or the Mona Lisa to Italy. But see the Elgin Marbles. San Marco in the evening St Marks Basilica (Italian: Basilica di San Marco in Venezia) is the most famous of the churches of Venice and one of the best known examples of Byzantine architecture. ... Shows the Location of the Province Istanbul The Sultan Ahmed Mosque, Istanbul Istanbul (Turkish: İstanbul) (a Turkish contraction of Greek εις την πολιν into the city, the former Constantinople, Κωνσταντινούπολις) is the largest city in Turkey, and arguably the most important. ... The Mona Lisa is an oil painting on poplar wood by Leonardo da Vinci and is perhaps the most famous painting in art history; few other works of art are as romanticized, celebrated, or reproduced. ... Metope from the Parthenon marbles depicting a Centaur and a Lapith fighting A closeup of an Elgin marble displayed in the British Museum. ...


4. A qualification for certain awards, honours, or privileges — such as the Freedom of the City of London. Freedom of the City is an award made by English towns and cities, to esteemed members of its community; such people may then be termed Freemen or Freewomen of the City. ...


  Results from FactBites:
 
patrimony - definition of patrimony from YourDictionary.com (388 words)
foundation: The transfer of assets to the patrimony of the foundation may be effected by public or private document.
initial: The initial patrimony may be increased by the creator of the foundation, hereinafter called the founder, or by any other person.
case: The destination to be given to the assets of the foundation and the method of liquidation of its patrimony in case of dissolution.
Patrimony of Saint Peter – FREE Patrimony of Saint Peter Information | Encyclopedia.com: Facts, Pictures, Information! (885 words)
This tradition or patrimony is not coterminous with Orthodoxy...
ecclesiastical lords alike on the wealth and patrimony of the houses on which the abbots...
The politics of tradition and patrimony are critical in understanding the interplay between various social...
  More results at FactBites »


 

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