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beneficiary

Concept · KTDDE Vocabulary (SKOS) · Draft

URI

https://iri.suomi.fi/terminology/a89c6af7a/concept-273

Terms

Preferred term, Draft

Definition

a party entitled to receive payment, goods, services, or other benefits under the terms of a trade transaction or financial instrument

Note

In the context of a documentary credit, the beneficiary is usually the seller or exporter in whose favour the credit is issued, and who must present the required documents to obtain payment.

Organization

Finnish Tax Administration

Created at

Modified at

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