(1) A marketleading COMMON STOCK , BOND, or sector index that acts as a proxy for broader sentiment and movement in the market. Tradable benchmarks, which generally feature significant LIQUIDITY […]
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BENCHMARK DATA
Information gotten from the industry to achieve the highest level of performance .
BENCHMARK INDEX
A tool such as Lehman Brothers ‘ aggregate bond index that sets the baseline for the comparison of like items.
BENCHMARK INTEREST RATE
The least amount accepted on nongovernment stocks by an investor.
BENCHMARK JOB
A job that pay data and other information is available for. It is used to make pay comparisons.
BENCHMARK MEASURES
The standards used to gauge strategies and outcomes of a particular goal, department, method, or merchandise offered by a company so improvements can be made.
Benchmark Rate
A government-set auto insurance rate used in Canada. An insurance company that sets its rates within a certain range of the benchmark rate does not need government approval to use […]
BENCHMARKING
A comparison of a firms organizational methods, products, offerings, and goals with other similar firms.
BENE LAT
Well; In proper form; legally ; sufficiently.
BENEDICTA EST EXPOSITIO QNANDO RES REDIMITUR A DESTRNCTIONE
4 Coke, 26. Blessed is the exposition when anything is saved from destruction . It Is a laudable interpretation which gives effect to the instrument , and does not allow […]
BENEFACTOR
An individual who financially assists another individual, such as someone who contributes to charitable organizations, or a family member that provides cash to another family member for school, etc.
BENEFICE
In ecclesiastical law . In its technical sense, this term includes ecclesiastical preferments to which rank or public office is attached, otherwise described as ecclesiastical dignities or offices, such as […]
BENEFICE D’INVENTAIRE
A term which corresponds to the bene/icium in- ventarii of Roman law, and substantially to the English law doctrine that the executor properly accounting is only liable to the extent […]
BENEFICE DE DISCUSSION
Benefit of discussion . The right of a guarantor to require that the creditor should exhaust his recourse against the principal debtor before having recourse to the guarantor himself.
BENEFICE DE DIVISION
Benefit of division; right of contribution as between co-sureties .
BENEFICE FR
In French law . A benefit or advantage, and particularly a privilege given by the law rather than by the agreement of the parties.
BENEFICIAIRE
The person in whose favor a promissory note or bill of exchange is payable; or any person in whose favor a contract of any description is executed. Arg. Fr. Merc. […]
BENEFICIAL
Tending to the benefit of a person; yielding a profit, advantage, or benefit; enjoying or entitled to a benefit or profit. In re Importers’ Exchange (Com. PI.) 2 N. Y. […]
BENEFICIAL ASSOCIATION
Another name for a benefit society. See BENEFIT.
BENEFICIAL DEVISE
a clause in a will that gives the inheritor a direct interest in the property of the person who made the will.
BENEFICIAL ENJOYMENT
The enjoyment which a man has of an estate in his own right and for his own benefit, and not as trustee for another. 11 H. L. Cas. 271.
BENEFICIAL ESTATE
An estate in expectancy is one where the right to the possession is postponed to a future period, and is “beneficial” where the devisee takes solely for his own use […]
BENEFICIAL INTEREST
Profit, benefit, or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control.
BENEFICIAL OCCUPANCY
When an owner of a property can use it before all the construction is completed.
BENEFICIAL OWNER
The actual owner of securities and the rightful recipient of the benefits accorded; the beneficial owner is often different from the title holder (generally a financial institution holding the securities […]