BENEFICIARY Definition

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BENEFICIARY is a person who benefits from the terms of a trust, pension or provident fund, or other deferred income plan, or an insurance policy. In banking, it is the person in whose favor a letter of credit is issued or a draft is drawn.

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PENDING usually refers to either: 1. Not yet decided; or, 2. Being in continuance.

ESCUDO is a currency of Chile, Mozambique, and Portugal.

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