beneficiary

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Related to beneficial: HSBC

beneficiary

Insurance
A person(s) other than the member of an insurance or pension plan who has been designated to receive benefits—e.g., proceeds of an accident insurance policy or pension plan in the event of an employee’s death.
 
Managed care
A person eligible for or receiving benefits under an insurance policy or plan, such as Medicare or Medicaid programs

beneficiary

Health insurance A person(s) other than the member of an insurance or pension plan who has been designated to receive benefits–eg proceeds of an accident insurance policy or pension plan in the event of an employee's death Managed care A person eligible for or receiving benefits under an insurance policy or plan, Medicare or Medicaid programs

be·ne·fi·ci·ar·y

(ben'ĕ-fish'ē-ar-ē)
A person with health care insurance coverage, usually through the Medicare program.
Synonym(s): insured, recipient.
[Med.L. beneficiarius, fr. beneficium, benefit]

be·ne·fi·ci·ar·y

(ben'ĕ-fish'ē-ar-ē)
A person with health care insurance coverage, usually through the Medicare program.
Synonym(s): insured, recipient.
[Med.L. beneficiarius, fr. beneficium, benefit]
References in periodicals archive ?
For the purpose of this Memorandum Circular, the reference to the Grandfather Rule shall be limited only to the method of computing the percentage of indirect ownership in determining the beneficial owner of the reporting corporation and shall not affect its applicability in determining the nationality of a corporate shareholder (Section 2.6).
The Bank of Princeton expects to close on its acquisition of the five Beneficial Bank branches in the second quarter of 2019, at which point they will be converted to operate under The Bank of Princeton name.
The purchase and assumption agreement provides for the transfer by Beneficial Bank to The Bank of Princeton of USD 190.0 million in deposits, the land and buildings associated with four Beneficial Bank branches, and other assets, in exchange for [USD 2.66 million], the net book value of such other assets, and a deposit premium equal to 7.37% of the average daily deposits for 30 days ending on the third business day preceding closing.
Philadelphia-based Beneficial Bank is a wholly-owned subsidiary of Beneficial Bancorp Inc.
Previous studies have shown that plant-based diets are beneficial for weight loss and that those following it have approximately half the risk of developing diabetes, compared with non-vegetarians.
Weeks later, when physicians confirmed that the transplanted cells were growing, they assessed the status of the patients' beneficial gut bacteria.
A public, central register is the most effective and practical way to avoid diverging standards in access to beneficial ownership information and to facilitate cross-border investigations and international cooperation.
Beneficial State is certified as a B Corporationa with a parent PBC.
This Commentary s recommendations are for the federal government, in collaboration with the provinces and territories, to establish a central publicly accessible beneficial ownership registry of corporations and certain trusts; require all reporting entities under the Proceeds of Crime (Money Lainidering) and Terrorist Financing Act to identify beneficial ownership information; place the onus on corporations and trusts to truthfully and fully disclose beneficial ownership information; and follow the European example by keeping Canada current with the international standards, commitments and trends on beneficial ownership transparency.
The companies will also be required to obtain information within 30 days in case of any subsequent change in the ultimate beneficial ownership.
All companies operating in the country are required to obtain the ultimate beneficial ownership information from their members and also ensure that this data is maintained and
The FATF recommendations require countries to take measures to prevent the misuse of legal persons for money laundering and terror financing and ensure that there is adequate, accurate and up-to-date information available with the companies on the ultimate (actual) beneficial ownership and control of legal persons that can be accessed in a timely manner by competent authorities.