IBTimes.com Articles

Last 50 articles...

Today's Market

updated 3 hours ago Sponsored by:
DOW 17,812.19 19.51 0.11%
S&P 500 2,089.14 2.55 0.12%
NASD 5,102.81 0.33 0.01%

Community: Investing Wiki

Term Of The Hour

primary contingent beneficiary: Original post by Lisa Bigelow of Demand Media A beneficiary is a person or an entity who inherits another's asset after death. Life insurance policies and retirement accounts are two assets that frequently have named beneficiaries that account owners designate in advance. After death, the asset passes to the beneficiary without the hassles of going through probate court. Account owners have the…

Want to learn more or edit this definition?
Click here to read more!