Beneficiary

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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.


See also