beneficiary of a gift, will or trust

beneficiary of a gift, will or trust
beneficiary (of a gift, will or trust)
England, Wales
In the context of a gift, will or trust, a person who receives a gift of money or other assets from a benefactor. The gift can be in the form of an outright gift, or in held in trust for the beneficiary.
USA
Under a letter of credit, the party to whom and for whose benefit the letter of credit is issued.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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