- claimant
- A party to an explicit or implicit contract. Bloomberg Financial Dictionary
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claimant clai‧mant [ˈkleɪmənt] noun [countable]1. someone who requests or receives money from the state because they are ill, unemployed etc:• claimants for long-term sickness benefits
2. INSURANCE someone who requests and receives money from an insurer for damage, theft, injury etc for which they are insured:• No payment will be made if the claimant, at the time of effecting the insurance, was receiving medical treatment.
3. LAW someone who demands money from a person or organization that has caused harm to them:• Claimants using a product while drunk will not receive damages.
4. LAW someone who states that they have a right to take or receive something that belongs to them:• a claimant to an interest in land
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claimant UK US /ˈkleɪmənt/ noun [C]► INSURANCE a person or company that requests or receives payment from an insurance company for an accident, illness, damage to property, etc.: »For medical malpractice insurance claims that we paid, fewer than 10% had a payout of $1 million or more.
► a person who requests or receives payment of money that a government, organization, or company owes them: »Tax credit payments are calculated according to the claimant's yearly income.
► (also plaintiff) LAW a person who goes to court to make a legal complaint against someone else: »The claimant commenced this action to recover damages that were sustained while working for the defendant.
► LAW someone who demands the right to be the legal owner of a particular property, payment, or title: »He was declared the legitimate claimant to the throne.
Financial and business terms. 2012.