Category Archives: B – Asuransi Jiwa

balance fund

A mutual fund that has the objective of preservaion of capital with moderate income and  growth in value

bank credit card

An open-end credit account offered by a specific financial institution

bankruptcy proceeding

A legal procedure for dealing with insolvent debtors under the supervision of federal bankruptcy court.

beneficiary

(1) For insurance, the person or legal entity the owner of an insurance policy names to receive the policy benefit if the event insured againts occurs. (2) in estate planning, a person who inherits or is entitled by law or by the terms of a will to inherit the estate of another. See also heir.

bequest

A gift of personal property made in a will

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