Beneficiary

What Does Beneficiary Mean?
A person or entity named in a will or a financial contract as the inheritor of property when the property owner dies.

Investopedia explains Beneficiary
A beneficiary can be a spouse, child, charity or any entity or person to whom the property owner would like to leave his or her possessions and assets.

Filed Under: Personal Finance, Retirement

Related Terms

Designated Beneficiary
Distributable Net Income - DNI
Estate
Extended IRA
Heir
Intestate
Probate
Qualified Joint And Survivor Annuity - QJSA
Revocable Trust
Will
More Related Terms

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