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Beneficiary
An individual or entity entitled to benefits or proceeds from an insurance policy, trust, will, or other contracts.
Donee Beneficiary
A third party who benefits from a contract made between two other parties, where the intent is to benefit the third party.
Gratuitous Assignment
A transfer of rights or property without consideration or payment from the recipient.
Written Statement
A formal, documented expression of facts or opinions, which is signed and usually legally binding.
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