
Refinance and Mortgage Encyclopedia - beneficiary
Beneficiary(1) One entitled to the benefitAmount payable by the insurance company to a claimant, assignee, or beneficiary when the insured suffers a loss. of a trustA trust exists when one person holds property for the benefit of another.; (2) One who receives profit from an estateThe ownership interest of an individual in real property. The sum total of all the real property and, the titleTitle is the evidence of ownership. In essence, title is more important than ownership because having of which is vestedHaving the right to use a portion of a fund such as an individual retirement fund. For example, individuals in a trusteeAn individual or institution that holds the legal title to an asset and administers it for the benefit; (3) The lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be on the securityThe property that will be pledged as collateral for a loan. of a noteThe binding legal document you sign when you get a loan. It lists the conditions under which you're and deed of trustThe document used in some states instead of a mortgage; title is conveyed to a trustee. In some states,. BeneficiaryA personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). eligible to receive a benefitAmount payable by the insurance company to a claimant, assignee, or beneficiary when the insured suffers a loss. after the death of a memberAn enrollee, beneficiary, or insured. A member includes people who enroll or subscribe to a health insurance or other benefit recipient. BeneficiaryA personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). eligible to receive benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage under an insurance policyThis is the entire written insurance contract.. BeneficiaryA personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). who is entitled to receive the benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage or proceeds of a will, trustA trust exists when one person holds property for the benefit of another., insurance policyThis is the entire written insurance contract., retirement planA debtor's detailed description of how the debtor proposes to pay creditors' claims over a fixed period of time., annuityThis is a series of income payments made to a customer at regular intervals by an insurance company, or other contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder. BeneficiaryA personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). who is entitled to the balanceThe amount in an account or the remaining amount due on a loan. in an account upon the death of the ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). ( trusteeAn individual or institution that holds the legal title to an asset and administers it for the benefit) of the account. BeneficiaryA personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). who may be eligible to receive or is receiving benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage under an insurance policyThis is the entire written insurance contract. other than a policyholderThe person who owns the insurance policy. This is usually the insured person, but it may also be a relative. BeneficiaryA personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). who receives and benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage from the gifts or acts of another, such as one who is designated to receive the proceeds from a will or trustA trust exists when one person holds property for the benefit of another.. BeneficiaryA personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). who receives benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage of any insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." planA debtor's detailed description of how the debtor proposes to pay creditors' claims over a fixed period of time. or policyThe written contract of insurance.. BeneficiaryThe holderThe party that currently owns the loan and holds its legal title. of the instrumentAny writing having legal form and significance, such as a deed, mortgage, will, lease, etc. or documentAny written instrument meeting all statutory requirements which may be recorded with the Register of Deeds. evidencing the obligations secured by the deed of trustThe document used in some states instead of a mortgage; title is conveyed to a trustee. In some states,, excluding persons holding the same as securityThe property that will be pledged as collateral for a loan. for a different obligationLegal reservation of funds based on known requirements (a contract, for example), or an a realistic estimate of costs.. RCW 61.24.005(2). BeneficiaryThe individualA person as defined. or estateThe ownership interest of an individual in real property. The sum total of all the real property and named in the policyThe written contract of insurance. to receive the life insuranceInsurance providing for payment of a specified amount on the Insured's death, either to his or her estate proceeds upon the death of an insuredThe policyholder - the person(s) protected in case of a loss or claim. personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)).. BeneficiaryThe personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). designated to receive the incomeMoney you make from a job or from business or property. from a trustA trust exists when one person holds property for the benefit of another., estateThe ownership interest of an individual in real property. The sum total of all the real property and, or a deed of trustThe document used in some states instead of a mortgage; title is conveyed to a trustee. In some states,. BeneficiaryThe personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). entitled to receive benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage under a planA debtor's detailed description of how the debtor proposes to pay creditors' claims over a fixed period of time., including the coveredA person covered by a pension plan is one who has fulfilled the eligibility requirements in the plan, employee and his or her dependentsSpouse and/or unmarried children (whether natural, adopted or step) of an insured.. BeneficiaryThe personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). or financial instrumentAny writing having legal form and significance, such as a deed, mortgage, will, lease, etc. (e.g., a trust fundA fund whose assets are managed by a trustee or a board of trustees for the benefit of another party) named in the policyThe written contract of insurance. as the recipient of insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." money in the event of the policyholderThe person who owns the insurance policy. This is usually the insured person, but it may also be a relative's death. BeneficiaryThe personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). or financial instrumentAny writing having legal form and significance, such as a deed, mortgage, will, lease, etc. (for example, a trust fundA fund whose assets are managed by a trustee or a board of trustees for the benefit of another party), named in the policyThe written contract of insurance. as the recipient of insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." money in the event of the insuredThe policyholder - the person(s) protected in case of a loss or claim.'s death. BeneficiaryThe personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). or party named by the ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). of a life insuranceInsurance providing for payment of a specified amount on the Insured's death, either to his or her estate policyThe written contract of insurance. to receive the policy benefitAmount payable by the insurance company to a claimant, assignee, or beneficiary when the insured suffers a loss.. BeneficiaryThe personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14))., persons or entity designated to receive the death benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage from a life insuranceInsurance providing for payment of a specified amount on the Insured's death, either to his or her estate policyThe written contract of insurance. or annuityThis is a series of income payments made to a customer at regular intervals by an insurance company contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder.
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