Advancement

Definition:

Money or property given to a person by the deceased before death and intended as an advance against the beneficiary's share in the will.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Noninsured plans

Defined benefit pension plans that are not guaranteed by life insurance products. Related: Insured plans.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio