The Real Estate Encyclopedia
Beneficiary
Category - Real Estate Glossary - Real Estate Terminology
(1) A party entitled to the benefit of a trust; (2) a party who receives profit from an estate, the title of which is vested in a trustee; (3) a party to whom an insurance policy is payable; (4) the lender on the security of a note and trust deed.
 
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Real Estate Glossary - Real Estate Terminology
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