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It could mean: Internal Transfer of Funds In Trust For Interim Trust Fund International Trust Fund If the bank account is a ITF ("in trust for") or FBO ("for benefit of") type of trust account, then the beneficiary will gain immediate control of the account upon your death without going to court, though possibly subject to estate tax.
From Wells Fargo site: If your employer sends you a check, make sure it is made payable to Wells Fargo Advantage Funds FBO John Smith. Forward the check to us and reference your account number or Social Security number. You should not endorse this check.
It stands for "For Benefit Of" - just additional information on who the account is for or where it is going in some transfers/rollovers/etc.
You can`t do anything with it, other than take it to the bank it is made out to and deposit it.
FBO stands for â??for the benefit of.â?? FBO checks have a final beneficiary who is different than the person that is noted on the â??pay to the order ofâ?? line on the check.
That abbreviation in law stands for the phrase "for the benefit of".
(In reference to) A check is issued in my name then FBO my mother's name. She passed a few years back. For Benefit of , when is written in a check, meaning that the check final beneficiary is someone else.
Fixed base operator
For Benefit Of
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"For the benefit of", also abbreviated "F/B/O". For Benefit of , when is written in a check, meaning that the check final beneficiary is someone else.
Fixed Base Operator; generally an aircraft service company selling fuel, maintenance, and other services to those flying into a particular airport. FBO's may also own the airport, or just rent space from the owning authority to transact business. There can be multiple FBO's on a single airport.
Fixed Base Operation, you provide either services or products to the aerospace industry
for the benefit of
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