Beneficiary

Beneficiary

The person designated to receive the death benefit when the person insured by the policy dies.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: Funds
Company: Merrill Lynch
Product:
Acronym-Abbreviation:

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Related terms

beneficiary

Personal life; Funeral

Recipient of the proceeds of an life insurance policy or will.

beneficiary

Education; SAT vocabulary

One who is lawfully entitled to the profits and proceeds of an estate or property.

beneficiary

Law; Legal

A person or organization who benefits, usually with money is called as beneficiary in general.

beneficiary

Legal services; Courts

Someone named to receive property or benefits in a will. In a trust, a person who is to receive benefits from the trust.

buy fund symbol

Financial services; Funds

The fund symbol that you are buying when entering a mutual fund exchange.

buy order(purchase)

Financial services; Funds

In securities trading, an order to a brokerage firm/broker to purchase a specified quality of a security at the market price or limited price.

buy put

Financial services; Funds

An option contract that gives the holder the right to sell the underlying security at a specified price for a certain, fixed period of time.

buy stop order(purchase)

Financial services; Funds

Buy order that is entered at a price above the current offering price and becomes a market order when the current market price touches or goes through the buy stop price.

buy to close

Financial services; Funds

Buying an option contract to close out a pre-existing short position.

buy to cover

Financial services; Funds

The purchase of a long position to offset a short position.

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