In property terminology, the person who receives a gift is called which term?

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Study for the Chartered Property Casualty Underwriter 530 Exam with flashcards and multiple choice questions. Each question has hints and explanations to enhance your understanding and prepare you thoroughly.

Multiple Choice

In property terminology, the person who receives a gift is called which term?

Explanation:
In property terminology, the person who receives a gift is called the donee. The giver is the donor, and donee precisely identifies the recipient of the gift. “Recipient” is too broad and could refer to receiving anything, not specifically a gift, while “beneficiary” is typically used for those who benefit from a policy, trust, or will. So the correct term for the gift recipient is donee.

In property terminology, the person who receives a gift is called the donee. The giver is the donor, and donee precisely identifies the recipient of the gift. “Recipient” is too broad and could refer to receiving anything, not specifically a gift, while “beneficiary” is typically used for those who benefit from a policy, trust, or will. So the correct term for the gift recipient is donee.

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