Definition of "Absolute beneficiary"

Same as term: Beneficiary; Beneficiary Clause:

Comments for Absolute Beneficiary

ANTHONY GENE RUTLEDGE ANTHONY GENE RUTLEDGE said:

I was waiting on a direct deposit to post, but they closed the account while the deposit was pending. I documented everything. What are my options?

Apr 22, 2023  22:11:25

 
Real Estate Agent

Hello Anthony,
We advise you to contact the bank (or even the bank manager) to investigate your case. They're responsible for such situations and must supply you with a proper solution. If unsatisfied with the bank's response, contact an expert attorney. You can also try alternative platforms for deposits.

Apr 24, 2023  11:22:07
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Assets from a will transfer into an established life insurance trust. Through this mechanism, assets that have been probated are transferred into a living trust. ...

Reinsurance broker for a primary company (the re-insured). This broker is paid commissions by the reinsurance company, just as an agent is paid commissions by an insurance company for ...

Insurance company that is organized under the state laws by which the company is licensed and that is called a domestic insurer. Also, this insurance company may be chartered and licensed ...

Attachment of decreasing term life insurance to an ordinary life policy to provide monthly income to a beneficiary if death occurs during a specified period. If the insured dies after the ...

Investment risk associated with the relationship between the yield (interest, dividends, and capital) of financial instruments and the rate of inflation in the economy. For fixed income ...

Court-appointed or commissioner of insurance-appointed custodian to manage the affairs of an insurance company whose management is deemed unable to manage that company in a proper fashion. ...

Method of establishing rates in which the current year's premium is calculated to reflect the actual current year's loss experience. An initial premium is charged and then adjusted at the ...

Statement showing assets and liabilities of an individual. ...

Law by which many states attempt to regulate insurers who are unlicensed in those states. With a few notable exceptions, such as re insurers, insurance companies must be licensed in the ...

Popular Insurance Questions