The thing you write for History class to explain why France doesn't have kings anymore. In the financial world, though, assignment can mean a notice stating that an option has been exercised. It can also mean the transfer of rights or property...like you assign this house or land or jet to the new buyer. No kings involved. (Well, kings can be involved, if you happen to be assigning property to a king. But we've found that comes up very rarely in the normal course of business these days.)
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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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