BENEFICIARY Definition

Bookmark and Share

BENEFICIARY is a person who benefits from the terms of a trust, pension or provident fund, or other deferred income plan, or an insurance policy. In banking, it is the person in whose favor a letter of credit is issued or a draft is drawn.

Learn new Accounting Terms

INTERIM DIVIDEND is the declaration and payment of a dividend prior to annual earnings determination.

GMP is either Good Manufacturing Practice(s) or Gross Maximum Price.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.