guarantee beneficiary
1guarantee — n Guarantee, guaranty, surety, security, bond, bail are comparable when they mean either something that is given or pledged as assurance of one s responsibility (as for the payment of a debt, the fulfillment of a promise or obligation, or the… …
2Beneficiary Of Trust — A beneficiary of trust is a person for whom a trust was created, and who receives the benefits of that trust. In many instances a trust is established to prevent the exhaustion of an estate. A trust for the benefit of a child, for example, may… …
3Demand guarantee — In English writings, traditionally the term “guarantee” denotes an accessory (secondary) or “conditional” type of obligation. The essence of the instrument is the promise to answer for the duty of another should the other default. The beneficiary …
4demand guarantee — International A guarantee that imposes a primary obligation on the issuer to pay the beneficiary on its first demand for payment, where the primary obligor fails to perform the contract. The issuer s obligations are not affected by disputes over… …
5Direct credit substitute guarantee issued — Accounts which contain guarantees issued in respect of loans granted by the beneficiary of the guarantee as well as their contra account. See also Credit substitute guarantee …
6Maturity Guarantee — The dollar amount of a contract (such as a life insurance policy or segregated fund contract) that is guaranteed after a certain amount of time has elapsed. Usually within a life insurance policy or segregated fund contract, the beneficiary is… …
7insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …
8Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …
9Windfall Elimination Provision — The Windfall Elimination Provision (abbreviated WEP [ [https://s044a90.ssa.gov/apps10/poms.nsf/lnx/0300601002!opendocument POMS RS 00601.002] ] ) is a statutory provision in United States law which affects benefits paid by the Social Security… …
10Primary Insurance Amount — The Primary Insurance Amount (abbreviated PIA [ [https://s044a90.ssa.gov/apps10/poms.nsf/lnx/0300601002!opendocument POMS RS 00601.002] ] ), for the purposes of the Social Security Administration, is the amount which is used as the beginning… …
