beneficiary investment & finance definition
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The institution or person who receives cash or an investment; typi-cally used to refer to people who inherit money or property through a will, ...
Beneficiary
A person who receives a benefit, such as the income of a trust or proceeds from an insurance policy.
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Beneficiary statement
The statement of a lender that shows the remaining principal balance and other information about a loan. It is usually obtained when a property owner wants to sell or refinance.
The Beneficiary of a property held in a trust.
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A beneficiary deed is completed before the original owner passes away. Although the beneficiary deed is re-titled in the beneficiary's name at this time, the original owner still has rights to the property.
Beneficiary
A person or entity named in a will or a financial contract as the inheritor of property when the property owner dies.
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Beneficiary Named party who will receive the proceeds upon a specific event. For example, the named beneficiary of a life insurance policy will receive the life insurance proceeds upon the death of the insured.
Beneficiary
A person or entity who is the recipient of or will receive some or all proceeds of money or property held by the current owner upon a specified event or condition.
Beneficiary: The person designated to receive the proceeds of an account or annuity in the event of the account-holder's death.
Beneficiary
A person you name in your will, life insurance policy, retirement plan or other financial arrangement to receive a benefit at your death.
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Beneficiary Person designated to receive retirement-account monies when the account holder dies.
Beneficiary: A person named to receive a benefit in a will, life insurance policy, retirement plan, or other financial arrangement upon death.
Beneficiary
Term used to refer to the person who receives the benefits of a trust or the recipient of the proceeds of a life insurance policy.
Bequest
Property left to an heir under the terms of a will.
Beneficiary
A beneficiary is the person or organization who receives assets that are held in your name in a retirement plan, or are paid on your behalf by an insurance company, after your death.
Beneficiary:
A recipient of proceeds from a qualified retirement plan or insurance policy upon the death of the registered owner.
Beneficiary
A person or organization designated to receive the funds or other property from an annuity, insurance policy, retirement account, trust, will or other contract.
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Life Beneficiary (business term)
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DESIGNATED BENEFICIARY - The person named as the individual for whom qualified higher education expenses may be paid from amounts invested in a particular 529 plan account. See: 529 PLAN.
DESIGNATED ORDER - See: PRIORITY PROVISIONS.
[ITDS] advised letter of credit An export letter of credit issued by a bank which requests another bank to advise the beneficiary that the credit has been opened in its favor.
accidental death benefit The value paid to the beneficiary of a life insurance policy IN ADDITION to... accommodation paper A bill or note endorsed by one party (the accommodation party) on behalf of...
An account established for the benefit of a minor or other beneficiary.
College savings plans generally permit a college saver (also called the "account holder") to establish an account for a student (the "beneficiary") for the purpose of paying the beneficiary's eligible college expenses.
- Update your will and any beneficiary designations that will change because of your divorce.
Preparing for the Unexpected
While death is an inevitable event, no one likes to think about it.
Do not forget to complete your beneficiary form. As a former Investment Advisor and then Benefits Specialist, I have seen complications in payouts due to deaths and divorces and common law marriages not being properly defined.
If your spouse is more than 10 years younger than you, and he/she will be the sole primary beneficiary for the entire distribution year, you should use the Joint Life Expectancy Table (as issued by the IRS) to calculate your RMD.
Indefinite physical or mental disability: If the named 529 plan beneficiary is diagnosed to be physically or mentally unable to go to college and thus use the assets saved up in the plan for his college education, ...
Instead of naming your spouse the beneficiary of your RRIF, you can designate them as the "successor annuitant" - either in the fund itself or in your will.
When I turned 25, I was the fortunate beneficiary of a trust from my grandfather Gardner's estate, divvied up among each of his grandchildren.
Gold prices were the beneficiary of these entire crisis as nervous investors sell equities and buy gold, the kind of gold that is above the ground and not shares of gold miners.
In these messages, one bank for example informs another bank that it has a wire transfer for a customer, asking the beneficiary bank to collect the equivalent amount at a specified date from the specified clearing account and to forward the amount ...
If you die before the insurer has started making payments to you, your beneficiary is guaranteed to receive a specified amount - typically at least the amount of your purchase payments.
This is required where a 'family trust' wants to distribute income to a beneficiary other than an individual in the family group, otherwise withholding tax may be payable at the top marginal rate.
An IBAN number contains information detailing the country, bank and branch of the beneficiary, as well as the account number itself. It is used to facilitate automatic processing of cross-border payments.
Investors/clients can get direct delivery of shares in their beneficiary accounts.
To ensure this, you have to give details of your beneficiary account and the DP-identity of your depository participant to your broker.
A fiduciary is an individual or organization legally responsible for holding or investing assets on behalf of someone else, usually called the beneficiary.
Crude is another big beneficiary this morning
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a Coverdell ESA account and is used for the education of minors, and established under guidelines that are set up by the Federal government. The amount that can be contributed into this account cannot be more than $2,000 per year, per beneficiary.
Savings plan under which the taxpayer may contribute up to $500 per year per eligible beneficiary. Contributions are nondeductible. Earnings are tax free and withdrawals are also tax free if used to pay for qualified higher education expenses.
A share is described as ex rights when the buyer is not entitled for the Rights. The seller remains the beneficiary. Ex rights shares are cheaper than Cum Rights and offer a good 'buy' opportunity for investment oriented players.
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A contract between an insurance company and a person that provides for periodic payments to the individual or designated beneficiary in return for an investment.
Advising bank
Corresponding bank in the beneficiary's country to which an issuing bank sends a letter of credit.
Inherited IRA
An inherited IRA or Beneficiary IRA is the result of an inheritance from a Traditional, Simple, or Roth IRA. So, what are your options if you have received one?
At the termination of the trust, the trust principal is paid to the beneficiary of the trust. A GRAT allows the grantor to retain control while retaining income from the property granted.
Registered Education Savings Plan (RESP): A plan that enables a contributor, on a tax deferral basis, to accumulate assets on behalf of a beneficiary to pay for a post secondary education.
Education IRA: A tax-advantaged savings vehicle used to pay the qualified higher education expenses of a designated beneficiary.
Effective date: In a new issue, the date on which the SEC releases the offering.
Depending on your trading capital the standard Sogotrade account may prove more beneficiary if you are using large funds per trade. There is also a Sogotrade platinum account which costs $10 per month but has a $1.
a local government, or development corporation to finance the construction of air- or water-pollution control facilities or sewage or solid waste disposal facilities pursuant to federal law. The bonds are backed by the credit of the beneficiary of ...
term, whole, and universal. Term Life is for a set period of time and if the insured person dies the beneficiary named on the policy receives a lump sum of tax-free money. This type of insurance is ideal for young...
The entire account must be disbursed prior to the beneficiary's 30th birthday. Any withdrawals after this date will be subject to income taxes and a penalty. The account may be transferred to another family member.
 See also: Investment, Market, Account, Stock, Option
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