Businessa person designated to receive property under a will or trust:My daughters are the sole beneficiaries. See-bene-, -fac-. WordReference Random House Unabridged Dictionary of American English © 2025 ben•e•fi•ci•ar•y(ben′ə fish′ē er′ē, -fish′ə rē),USA pron...
A person who receives the benefits from something although perhaps not the legal owner of the thing.In real estate,the term is usually encountered in the context of a trust,in which a trustee holds what is called bare legal title to the property,but the property itself and all sums gained...
of the property. Thetrustee, who is given legal title of the property, maintains control of the property for the benefit of the beneficiary. There may be more than one beneficiary to atrust, and unless the trust specifies otherwise, each beneficiary has equal rights to the trust property....
aProperty and equipment 物产和设备[translate] ac) Written tender specification document was not prepared for a promotion event to benchmark the returned tender documents (1 out of 3 samples) c) 书面嫩规格文件为促进事件未准备基准点返回的投标文件 (1出于3个样品)[translate] ...
Define Grantee beneficiary. means one or more persons or entities capable of holding title to real property designated in a beneficiary deed to receive an interest in real property upon the death of the owner. "Grantee-beneficiary" includes, but is not l
A trust is a fiduciary relationship in which a trustor gives the trustee the right to hold title to property or assets for the benefit of a third party, the beneficiary. Learn more. Probate Probate is the legal process in which the validity of a will is approved and accepted as a publi...
Anirrevocable trust loan lendercan lend to the trust and then allow the beneficiary to assume the loan when they take title of the property. The trust loan could then be refinanced by a traditional lender once the title of the property is in the name of the beneficiary. ...
because the mother had not been paying the use and occupancy fees; the executor had been. The trial court initially allowed the executor to maintain the action, but at the appellate level, the ruling was reversed. The executor was found to have no interest or title in the condominium, and...
Name of Beneficiary. The name and address of the Beneficiary of the Trust is: (“Beneficiary”).
When it comes to property insurance on the other hand, the coinsurance clause serves to protect businesses by making sure they have adequate insurance in case of property loss.