- beneficiary account
- bank account set up for the benefit of someone else
English contemporary dictionary. 2014.
beneficiary account
Look at other dictionaries:
Beneficiary account identification — An ISO term. The identification of the beneficiary s account, serviced by the beneficiary s financial institution, which is to be credited with funds. 35x … International financial encyclopaedia
beneficiary — /benafish(iy)ary/ One who benefits from act of another. A party who will benefit from a transfer of property or other arrangement. Examples include the beneficiary of a trust, the beneficiary of a life insurance policy, and the beneficiary of an… … Black's law dictionary
beneficiary — /benafish(iy)ary/ One who benefits from act of another. A party who will benefit from a transfer of property or other arrangement. Examples include the beneficiary of a trust, the beneficiary of a life insurance policy, and the beneficiary of an… … Black's law dictionary
Account Freeze — An action taken by a bank or brokerage that prevents any transactions from occurring in the account. Typically, any open transactions will be cancelled, and checks presented on a frozen account will not be honored. Account freezes can be… … Investment dictionary
Beneficiary's financial institution account identification — An ISO term. The identification of the beneficiary s financial institution account serviced by the receiver or the intermediary financial institution which is to be credited for the further execution of the transfer. 35x. < http=… … International financial encyclopaedia
beneficiary of money — (Securities Industry) Euroclear Clearing and Settlement glossary The party that is the ultimate beneficiary of the cash transfer. The final party is mentioned when different from the creditor, whose account will be credited by the final agent.… … Financial and business terms
beneficiary of money — (Securities Industry) The party that is the ultimate beneficiary of the cash transfer. The final party is mentioned when different from the creditor, whose account will be credited by the final agent. Also final party, ultimate beneficiary… … Euroclear glossary
Account In Trust — An account that is managed by one party for the benefit of another. It is sometimes called an account held in trust, and the trust relationship can be either explicit or implied. Accounts in trust are typically set up for minors, and transfer of… … Investment dictionary
Beneficiary advice method — An ISO term. A code that specifies the method (e.g., telephone, letter, wire, and so on) to be used to notify the beneficiary that their account has been credited or that funds are at their disposal. 3an … International financial encyclopaedia
Beneficiary's financial institution advice method — An ISO term. A code that specifies the method (e.g., telephone, letter, wire, and so on) to be used to notify the beneficiary s financial institution that its account has been credited or that funds are at its disposal. 3an … International financial encyclopaedia
