Beneficiary: Difference between revisions
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A person or company to whom money is paid. Also known as a payee. | |||
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The party that is named by the grantor, settler or creator of a trust and is entitled, according to the terms in the respective trust deed, the benefit from the revenues of the trust. | |||
Revision as of 15:26, 11 May 2016
1.
A person or company to whom money is paid. Also known as a payee.
2.
The party that is named by the grantor, settler or creator of a trust and is entitled, according to the terms in the respective trust deed, the benefit from the revenues of the trust.
