Benefic

Science / Astrology / Benefic: Said of planets and aspects considered to be positive or helpful influences. Traditionally, Jupiter is the Greater Benefic and Venus is the Lesser Benefic; the Sun, Moon and Mercury are moderately benefic. All harmonious aspects are benific.

Beneficial Owner

Business / Taxes / Beneficial Owner: When your stocks are registered in street name, the brokerage firm has title to the stocks but you are the beneficial owner, or the person who actually benefits from owning the stock. MORE

Beneficiary

Business / Debt / Beneficiary: The Person who is entitled to receive funds of property under the terms and provisions of a will, trust, insurance policy or security instrument. In connection with a mortgage loan the beneficiary is MORE

Contingent Beneficiary

Business / Taxes / Contingent Beneficiary: A contingent beneficiary receives the proceeds of an insurance policy, term-certain annuity, individual retirement account (IRA), employer-sponsored retirement savings plan, will, or trust if the prim MORE

Beneficial Loan

Business / Debt / Beneficial Loan: A loan made by an employer to an employee on which interest is either not charged or is less than the official rate. The difference between the interest charged and the official rate is taxable. MORE

Beneficence

Health / Health Insurance / Beneficence: An ethical principle which, when applied to managed care, states that each member should be treated in a manner that respects his or her own goals and values and that managed care organizations and th MORE

Income Beneficiary

Business / Finance / Income Beneficiary: Another term for net income. MORE

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