Wisconsin Statutes > Chapter 410 > Subchapter III – Execution of Sender’s Payment Order by Receiving Bank
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Terms Used In Wisconsin Statutes > Chapter 410 > Subchapter III - Execution of Sender's Payment Order by Receiving Bank
- 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
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.