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The American Heritage Dictionary of Business Terms » primary beneficiary
primary beneficiary
primary beneficiary definition - business
primary beneficiary
The first person or other entity named to receive the proceeds from an estate, a trust, a retirement plan, or a life insurance policy. See also secondary beneficiary.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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