Alternate payee - Definition

In a retirement plan if a holder does not or is not able to collect the benefit, a person who is authorized has the right to collect it; known as alternate payee. Most likely the individual may be spouse, child, or other dependent.

Terms near "Alternate payee "

Alternative asset
Alternative Minimum Tax (AMT)
Alternative order
Amended return
American Association of Individual Investors (AAII)
American Depositary Receipt (ADR)
American Depositary Share
American Municipal Bond Assurance Corporation
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