Want this question answered?
One full business day to take
A performance bond is generally entered by a financier, on behalf of an account party, with a beneficiary to secure the performance of that account party's obligation to the beneficiary arising from an underlying contract or instrument.
Beneficiary have to do all the documentation.
Hi
Republican Party
This can only be done by the other party setting up a direct debit mandate specifying you as the beneficiary.
The lender is the beneficiary. The borrower is the trustor and the third party working for the lender is the trustee.
When a gift to a third party comes out of an agreement or a contract between two people, he is called the beneficiary. The third-party beneficiary is not obligated to any performance in the contract.
Most banks in the USA offer business merchant accounts. A business merchant account is an account that is set up to receive payments by credit card and debit card. Occasionally, a third party is also involved in the account, such as a credit card company.
It's the party for whom the insurance was purchased to save his interest if the contracting party was proved to be liable against him
No. Actually there is no rule stopping a third party from depositing money into a check account but, for doing that, the third party must know the account number into which they wish to deposit the cash. So without knowing your bank account number, nobody can deposit any money into it.
A tust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. A trust can be setup for a trustee of any age, and that age can be specified by the trustor. A custodial account is managed by an adult for a client who is considered a minor age 18-21 years old. Once the client reaches the legal age of their state of residence the account is taken over by the named account holder.