Beneficiary

From ACT Wiki
Revision as of 21:34, 9 July 2022 by imported>Doug Williamson (Add link.)
Jump to navigationJump to search

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.


3.

A party that benefits from a will.


See also