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Incidental Beneficiary
A third party who benefits from a contract between two other parties, but has no rights to enforce the terms of the contract or claim damages for its breach.
Corporate Beneficiary
An entity that is designated to receive benefits or proceeds from a legal instrument, such as a trust, will, or insurance policy, in a corporate context.
International Beneficiary
An individual or entity in a different country designated to receive benefits or assets from a legal arrangement or instrument.
Outstanding Mortgage
The remaining balance of a mortgage that is still owed by the borrower to the lender.
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