beneficiary of credit
1beneficiary — ben·e·fi·cia·ry /ˌbe nə fi shē ˌer ē, fi shə rē/ n pl ries: a person or entity (as a charity or estate) that receives a benefit from something: as a: the person or entity named or otherwise entitled to receive the principal or income or both from …
2beneficiary 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… …
3credit — cred·it 1 n 1: recognition see also full faith and credit 2 a: the balance in an account which may be drawn upon and repaid later compare loan …
4beneficiary — /benafish(iy)ary/ One who benefits from act of another. A party who will benefit from a transfer of property or other arrangement. Examples include the beneficiary of a trust, the beneficiary of a life insurance policy, and the beneficiary of an… …
5beneficiary — /benafish(iy)ary/ One who benefits from act of another. A party who will benefit from a transfer of property or other arrangement. Examples include the beneficiary of a trust, the beneficiary of a life insurance policy, and the beneficiary of an… …
6credit derivative — Contractual arrangements that allow one party to transfer credit risk of a reference asset, which it may or may not own, to one or more counterparties. The first party may be called the protection buyer , the beneficiary or the originator . The… …
7Beneficiary — An ISO term. The ultimate party to be credited or paid as a result of a transfer. ISO Mail Payment Orders term. 6*35x. ISO Documentary Credit Forms term. The party in whose favour the credit is issued. 5*35x …
8beneficiary — 1) A person for whose benefit a trust exists. 2) A person who benefits under a will. 3) A person who receives money from the proceeds of a letter of credit 4) A person who receives payment at the conclusion of a transaction, e.g. a retailer who… …
9beneficiary — 1) A person for whose benefit a trust exists. 2) A person who benefits under a will. 3) A person who receives money from the proceeds of a letter of credit 4) A person who receives payment at the conclusion of a transaction, e. g. a retailer who… …
10credit life, accident, and health insurance — Term insurance on lives of debtors, with the creditors of the insured debtor as beneficiary. The amount payable on death of insured debtor is an amount at least sufficient to discharge debtor s indebtedness; and in event of total permanent… …