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.

 

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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 mode . . . View Full Definition

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 i . . . View Full Definition

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 benef . . . View Full Definition

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.

Greater Benefic: A term reserved for the planet Jupiter which, according to ancient beliefs, was responsible for life's greatest blessings.

Income Beneficiary: Another term for net income.

Beneficiary Statement: When an existing loan is to be paid or assumed by a buyer, the escrow agent will obtain a statement of the balance due on the loan so the buyer receives the proper amount of credit.

Beneficial Ownership: Often used in risk arbitrage. Person who enjoys the benefits of ownership even though title is in another name. (Abused through the illegal use of a parking violation.)

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.

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 organizati . . . View Full Definition