Beneficiary party

  An ISO term. See preferred term Beneficiary.

International financial encyclopaedia . 2014.

Look at other dictionaries:

  • New beneficiary party —   A Customer, who is our customer, in whose favour a payment is being made. The customer left instructions to settle (parts of) the funds in another way than the ordering party Ordered. See also Multiple Credits …   International financial encyclopaedia

  • beneficiary — 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 …   Law dictionary

  • 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… …   Law dictionary

  • beneficiary — /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… …   Black's law dictionary

  • Beneficiary — A beneficiary (also, in trust law, referred to as the cestui que use ) in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example: The beneficiary of a life insurance policy …   Wikipedia

  • beneficiary — /ben euh fish ee er ee, fish euh ree/, n., pl. beneficiaries. 1. a person or group that receives benefits, profits, or advantages. 2. a person designated as the recipient of funds or other property under a will, trust, insurance policy, etc. 3.… …   Universalium

  • beneficiary of money — (Securities Industry) Euroclear Clearing and Settlement glossary The party that is the ultimate beneficiary of the cash transfer. The final party is mentioned when different from the creditor, whose account will be credited by the final agent.… …   Financial and business terms

  • beneficiary of money — (Securities Industry) The party that is the ultimate beneficiary of the cash transfer. The final party is mentioned when different from the creditor, whose account will be credited by the final agent. Also final party, ultimate beneficiary… …   Euroclear glossary

  • party — A person concerned or having or taking part in any affair, matter, transaction, or proceeding, considered individually. A party to an action is a person whose name is designated on record as plaintiff or defendant. M & A Elec. Power Co op, v.… …   Black's law dictionary

  • Beneficiary —   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 …   International financial encyclopaedia

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