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The letter of authorization and the letter of acceptance are used to
Contract
A pact between multiple parties that has the power of law to enforce its terms.
Creditor Beneficiary
A third party that benefits from a contract in which the promisor agrees to pay the promisee's debt to the beneficiary.
Donee Beneficiary
A third party who benefits from a contract between two other parties, where the intent is to gift the benefit to the third party.
Third-Party
An entity that is involved in a transaction or legal matter indirectly, separate from the two principal parties directly involved.
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