Beneficiary
From ACT Wiki
1. Remittances - payments.
A person or company to whom money is paid.
Also known as a payee.
2. Trusts.
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.
3. Wills.
A party that benefits from a will.
