Meaning of “grantee” in the English Dictionary

"grantee" in Business English

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granteenoun [ C ]

uk /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” from the Cambridge Business English Dictionary © Cambridge University Press)