Commit and Bequest

• (v.t.) To give in trust; to put into charge or keeping; to intrust; to consign; -- used with to, unto.
• (v.t.) To confound.
• (v.i.) To sin; especially, to be incontinent.
• (v.t.) To put in charge of a jailor; to imprison.
• (v.t.) To join for a contest; to match; -- followed by with.
• (v.t.) To pledge or bind; to compromise, expose or endanger by some decisive act or preliminary step; -- often used reflexively; as, to commit one's self to a certain course.
• (v.t.) To do; to perpetrate, as a crime, sin or fault.

verb

• Perform an act, usually with a negative connotation.
  • usage: "perpetrate a crime"; "pull a bank robbery"
  • synonyms: perpetrate, pull
• Give entirely to a specific person, activity, or cause.
  • usage: "She committed herself to the work of God"; "give one's talents to a good cause"; "consecrate your life to the church"
  • synonyms: give, dedicate, consecrate, devote
• Cause to be admitted; of persons to an institution.
  • usage: "After the second episode, she had to be committed"; "he was committed to prison"
  • synonyms: institutionalize, institutionalise, send, charge
• Confer a trust upon.
  • usage: "The messenger was entrusted with the general's secret"; "I commit my soul to God"
  • synonyms: entrust, intrust, trust, confide
• Make an investment.
  • usage: "Put money into bonds"
  • synonyms: invest, put, place
• Engage in or perform.
  • usage: "practice safe sex"; "commit a random act of kindness"
  • synonyms: practice

(DoD) The process of committing one or more air interceptors or surface-to-air missiles for interception against a target track.

noun

• Law) a gift of personal property by will. (.
  • synonyms: legacy

• (v.t.) To bequeath or leave as a legacy.
• (n.) The act of bequeathing or leaving by will; as, a bequest of property by A. to B.
• (n.) That which is left by will, especially personal property; a legacy; also, a gift.

Bequest is a gift by will of personal property. If the bequest is money to the extent it is paid out of income from property it is taxable to the recipient. Generally bequest value is fair market at the date of the decedent's death.