Executrix

Dictionary Says

Definition of 'Executrix'


A female individual who is responsible for executing the provisions set forth in a will upon the death of the testator. An executrix is nominated by the will's testator. The term is used less frequently than "executor". In a general sense, an executrix or executor is simply someone who is responsible for executing a task.
Investopedia Says

Investopedia explains 'Executrix'


In terms of estates, regardless of whether the executor of a will is male or female, the responsibilities are the same. An executrix is charged with disbursement of an estate's assets, and is responsible for making sure that the deceased's wishes, as laid out in the will, are carried out. If there is no will, the deceased has died in 'interstate' and an executor or executrix may be appointed.

comments powered by Disqus
Hot Definitions
  1. Earnings Call

    A conference call between the management of a public company, analysts, investors and the media to discuss the financial results during a given reporting period such as a quarter or a fiscal year.
  2. Legal Monopoly

    A company that is operating as a monopoly under a government mandate. A legal monopoly offers a specific product or service at a regulated price and can either be independently run and government regulated, or government run and regulated.
  3. Closed-End Fund

    A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
  4. Payday Loan

    A type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash.
  5. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  6. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
Trading Center