Primary Beneficiary
Definition of "Primary beneficiary"
- The person to receive the benefits of a trust when distribution occurs. Secondary beneficiaries may be nominated if the primary beneficiary predeceased the trust distribution.
- The person identified as the major beneficiary of an insurance policy. Secondary beneficiaries may also be nominated if the primary beneficiary dies before the policyholder.
Popular Real Estate Terms
Real estate not subject to property tax such as that owned by nonprofit entities including charitable, governmental, religious institutions. ...
Effect on the market price of houses as interest rate change. For example, when mortgage interest rates rise, the prices of houses tend to fall. ...
Person, such as the beneficiary of a deed, asking that he be informed if the property is foreclosed by someone else. ...
Securities supported by a pool of mortgages. The principal and interest are due monthly in the mortgages and are passed through to the investors who bought the pool. ...
Shingles having uniform length, but random width. Random shingles give a creative appearance to a roof. ...
To fulfill , complete, implement, perform, or carry out terms of an agreement including completing a signature on a contract and delivering a document to the intended party. ...
Details of a contract of sale including a financial statement, legal description, type of deed, place, date and time of closing of title. ...
An individual legally fit and able to undertake an activity or function. ...
A long-term lease of only land. ...
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