wake.up.america
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Sun Sep-30-07 04:05 AM
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| what do contract sponsor and contract holder mean? Thanks. I have looked all over... |
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Edited on Sun Sep-30-07 04:08 AM by wake.up.america
for a translation I am doing. I just need a description. I do not know what it means in English.
Danke!
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| cornermouse
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Sun Sep-30-07 05:39 AM
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Edited on Sun Sep-30-07 05:40 AM by cornermouse
financial dictionary
Contract Holder
An owner of a segregated fund contract.
Notes:
For example, for a life insurance contract, a person can be both the contract holder (owner) and the annuitant (the person the contract is based upon).
See also: Annuitant, Beneficiary, Life Insurance, Segregated Fund
Couldn't find a specific definition for contract sponsor, but I would suspect that a contract sponsor is the person who has the contract drawn up.
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| wake.up.america
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Sun Sep-30-07 10:35 AM
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Sat May 25th 2013, 12:54 PM
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