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Meaning / Definition of

For The Benefit Of

Categories: Estate Planning,

1. FBO. A statement which indicates a beneficiary for a given document. 2. A statement on an electronic funds transfer which indicates a contact person for the transfer.

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Definition / Meaning of

Home Equity

Categories: Credit and Debt, Real Estate, Legal, ,

The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.

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