Janick Paquette
Please correct me if I'm wrong!
In the definition of the Bill of Exchange, they write the third party as being a "Payee".
But "Beneficiary" is often used among us.
In English there is a distinction between the two. However in French both word = "Bénéficiaire".
Would tht be accurate?
http://legal-dictionary.thefreedictionary.com/bill+of+exchange