The Collaborative International Dictionary of English v.0.48:

Bequest \Be*quest"\, n. [OE. biquest, corrupted fr. bequide;
   pref. be- + AS. cwide a saying, becwe[eth]an to bequeath. The
   ending -est is probably due to confusion with quest. See
   Bequeath, Quest.]
   1. The act of bequeathing or leaving by will; as, a bequest
      of property by A. to B.
      [1913 Webster]

   2. That which is left by will, esp. personal property; a
      legacy; also, a gift.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Bequest \Be*quest"\, v. t.
   To bequeath, or leave as a legacy. [Obs.] "All I have to
   bequest." --Gascoigne.
   [1913 Webster]

WordNet (r) 3.0 (2006):

bequest
    n 1: (law) a gift of personal property by will [syn: bequest,
         legacy]