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English definition of “grantee”

grantee

noun [C]     /ɡrɑːn'tiː/ US   /ɡræn'tiː/
FINANCE a person or organization that receives a grant : Any unused funds should be returned by the grantee at the end of the project .
LAW, PROPERTY a person or organization that legally owns land or property : After the transfer of his estate , his former tenant became the legal grantee.
(Definition of grantee noun from the Cambridge Business English Dictionary © Cambridge University Press)
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