What Does Constructive Receipt Mean?

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What does Constructive Receipt mean? Read on to discover the definition & meaning of the term Constructive Receipt - to help you better understand the language used in insurance policies.

Constructive Receipt

Constructive Receipt

A constructive receipt is a receipt that lists a person's entire income for a given tax period. Income from life insurance policies can be included in constructive receipts.

We hope the you have a better understanding of the meaning of Constructive Receipt.

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