Tag: minor

What is an immediate beneficiary An immediate beneficiary is a person or entity who receives benefits from a trust or other financial arrangement immediately, as...

What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts,...

What is 'Natural Guardian' A child's parent. In divorce situations, the parent with custody is considered the natural guardian. The opposite of...

What is 'One To Many' A trading platform where all buyers and sellers transact with a sole market operator. Whereas a normal...

What is 'Abandonment Option' A clause granting parties the option of withdrawing from the contract before the fulfillment or completion of all...

What is 'Raider' An individual or organization that tries to take over a company by initiating a hostile takeover bid. Raiders look...

Risk management includes all the processes that are used for identifying, analyzing, and either accepting or mitigating the risks that make decision making in...

DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...

What is a 'Vanilla Option' A vanilla option is a financial instrument that gives the holder the right, but not the obligation,...

What is 'Warning Bulletin' A listing compiled on a weekly basis of credit cards that have been canceled, are past due or...