Terms Used In CFR > Title 7 > Subtitle B > Chapter I > Subchapter C > Part 51 > Subpart E > Standard Sizing

• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Contract: A legal written agreement that becomes binding when signed.
• Testify: Answer questions in court.