Absolute Beneficiary

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Definition: Absolute Beneficiary

Absolute Beneficiary
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Full Definition of Absolute Beneficiary

A type of insurance beneficiary designation that is not able to be changed unless the company has the written consent of that beneficiary. Also called irrevocable beneficiary.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/absolute-beneficiary/
Modern Language Association (MLA):
Absolute Beneficiary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/absolute-beneficiary/.
Chicago Manual of Style (CMS):
Absolute Beneficiary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/absolute-beneficiary/ (accessed: April 20, 2024).
American Psychological Association (APA):
Absolute Beneficiary. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/absolute-beneficiary/

Definition Sources

Definitions for Absolute Beneficiary are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.