Beneficiary of Trust

Beneficiary of Trust

The person or company receiving the income from a trust. The beneficiary receives a certain amount of money (usually a percentage of the trust's investment income) starting at the agreed-upon time. Depending on the type of trust, the beneficiary may be the grantor, a trustee, or some third party.
Mentioned in ?
References in periodicals archive ?
In turn, BI will be beneficiary of trust certificates drawn on a trust that will hold and liquidate a similar amount of Bancomer's assets, mostly composed of loans.
Trust distributes $10,000 of its current-year trust accounting income to A, a beneficiary of Trust.
Trust also makes an additional discretionary distribution of $10,000 to B, another beneficiary of Trust.