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In Terms of Categorization,family Resemblance Means

question 49

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In terms of categorization,family resemblance means


Definitions:

Recognizable Beneficiaries

are individuals or entities that can clearly be identified as intended to benefit from a contract, trust, or legal arrangement, even if not directly party to it.

Agents of Beneficiaries

Individuals or entities acting on behalf of those who are to receive benefits or rights under a contract, will, or trust.

Birthday Present

A gift given to someone on the anniversary of their birth.

Insolvent

Insolvent denotes a state in which an individual or organization is unable to meet its financial obligations as debts become due because its liabilities exceed its assets.

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