Think: Good Factor. The provider (individual or entity) of resources, usually financial, to a beneficiary.
Anna Nicole appreciated many things about Howard, who was 60 years her senior. He had great hygiene (always remembered to brush his teeth after taking them out), was able to operate his oxygen tank on his own, and enjoyed long rolls on the beach at sunset, in his motorized wheelchair. He also had a net worth of $50 billion. With qualities like that, she couldn’t help but accept when he proposed marriage and offered to be her financial benefactor, including adding her to his will.
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Finance: What is a Beneficiary?25 Views
Finance a la shmoop.. what is a beneficiary? well in Latin, bene is
good so this is like a good place to catch fish...well close not [Old man fishing in the ocean]
really but being a beneficiary is good it means you get stuff like if you are
the beneficiary of weird uncle Al's will then you get his odd collection of hair
balls shaped like US presidents and thirty two thousand two hundred sixty [Uncle Al's will appears]
$9.32... in essence then you are the beneficiary of his will you are the one
set up to benefit by the death of someone who wanted to favor you with
their assets when they had you know passed on to the great beyond where hair [Uncle Al with white wings in heaven]
balls will fall....
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