Beneficiary

If you have a bank account, investment, or savings account set up, you may be asked to name a beneficiary: the person or group who will get your stuff after you pass on. Choose wisely.

P.S. Choose us.

Related or Semi-related Video

Finance: What is a Beneficiary?25 Views

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Finance a la shmoop.. what is a beneficiary? well in Latin, bene is

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good so this is like a good place to catch fish...well close not [Old man fishing in the ocean]

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really but being a beneficiary is good it means you get stuff like if you are

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the beneficiary of weird uncle Al's will then you get his odd collection of hair

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balls shaped like US presidents and thirty two thousand two hundred sixty [Uncle Al's will appears]

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$9.32... in essence then you are the beneficiary of his will you are the one

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set up to benefit by the death of someone who wanted to favor you with

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their assets when they had you know passed on to the great beyond where hair [Uncle Al with white wings in heaven]

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balls will fall....

Find other enlightening terms in Shmoop Finance Genius Bar(f)