Beneficiary: Difference between revisions
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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 == | == See also == | ||
* [[Beneficial owner]] | |||
* [[Deduct from beneficiary]] | * [[Deduct from beneficiary]] | ||
* [[Settlor]] | |||
* [[Testator]] | |||
* [[Trust]] | * [[Trust]] | ||
* [[Trust deed]] | |||
* [[Trustee]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Ethics]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 21:34, 9 July 2022
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.
