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A beneficiary is a person that is nominated to receive specific benefits/payments. The most common use of the term is in the legal sector ? if you?re the beneficiary of a will, for example, then you are named in the will and will be due something from the estate in question.
In financial terms, a beneficiary has the same basic definition in that it applies to somebody that will be legally entitled to receive something. So, for example, you can be the beneficiary of an insurance policy or the beneficiary of a trust. In either case, you will be the individual that is given the payment/benefits.
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Monthly Repayment & APR rate may vary on your personal circumstances.
OUR TYPICAL, VARIABLE RATE IS 11.3% APR. RATES RANGE FROM 7.4% APR to 27.60% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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