Glossary

Find an explanation of most used terms in relation to financial instruments

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Title Term Definition Reference
Beneficiary

A public or private body and, for the purposes of the EAFRD Regulation and of the EMFF Regulation only, a natural person, responsible for initiating or both initiating and implementing operations; and in the context of State aid schemes, the body which receives the aid; and in the context of financial instruments under Title IV of Part Two CPR, it means the body that implements the financial instrument or the fund of funds as appropriate.

Article 2(10) CPR