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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.

4. Development.

In development projects, a person that the development project is intended to benefit.

Some commentators argue that this usage should be retired, as implying unequal power and passivity on the part of the people benefiting from the project.

One alternative name they propose in this context is stakeholder.

See also