Terms Used In South Carolina Code > Title 56 > Chapter 3 > Article 16 - Special License Plates; Medal of Honor Recipients [Repealed]

• 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.
• Trustee: A person or institution holding and administering property in trust.