In insurance, the person or organization named in a policy that will receive the life insurance in the event of an insurer’s death. – Someone to whom assets are transferred in a will (a person designated to receive any asset in a will). – A person or entity for whose benefit a trust has been established (the individual or organization who will benefit from the creation of a trust). – See destinar, legacy, endowment fund, bill of exchange.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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