Beneficiary

20.07.2017

A Beneficiary is someone who receives income from property which he uses as collateral when signing an agreement. Amongst other things it could be income from the rental of property or the transfer of stocks for the broker to use. Beneficiaries are defined by issuing banks as the holder of a credit letter. Moreover, a beneficiary could be someone who receives an insurance payment from an insurer.

Funds deposit and withdrawal

Contacts

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