beneficiary, primary | beneficiary | primary | primary beneficiary |
[Law] BENEFICIARY, PRIMARY - A will maker's first choice to receive a bequest, or a person's first choice of who should receive the proceeds from a life insurance policy.
Noun: beneficiary `benu'fishee`eree [N. Amer], `benu'fishuree [Brit] The recipient of funds or other benefits - donee The semantic role of the intended recipie...
beneficiary, secondary | beneficiary | secondary | secondary beneficiary |
[Law] BENEFICIARY, SECONDARY - A will maker's second choice to receive a bequest. A secondary beneficiary receives the bequest only if the primary beneficiary dies before the will maker. I...
Noun: co-beneficiary One of two or more beneficiaries of the same benefit Derived forms: co-beneficiaries Type of: beneficiary , donee
[Finance] 1. A beneficiary specified by an insurance contract holder who will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid.
[Finance] One who receives income from a trust.
[Finance] A beneficiary in a life insurance policy or segregated fund contract whose compensation cannot be changed without his or her consent.
[Finance] The ability of a policy owner either to change who will receive the compensation from his or her policy or to terminate the policy without having to get consent from the current ...
[Law] A will maker's second choice to receive a bequest. A secondary beneficiary receives the bequest only if the primary beneficiary dies before the will maker. It is also a person's seco...
Adjective: primary prImeree [N. Amer], prImuree [Brit] Of first rank or importance or value; direct and immediate rather than secondary "primary goals"; &qu...