taker in default

A person who will receive property not effectively appointed; esp., a person designated by a donor to receive property under a power of appointment if the donee fails to exercise that power.

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词条贡献者

译者Jeffrey，毕业于国内一流的高级翻译学院，擅长翻译各种与首次公开发行/其他股权或债务发行相关的法律文件。