Transferee
The recipient of a transfer. Section 550 differentiates between initial, immediate and mediate transferees for purposes of avoidance actions, and generally provides greater protections to subsequent transferees than it does to a party who is the first (“initial”) transferee from the debtor.
Bankruptcy Code § 550. See also Fraudulent Transfer, Initial Transferee, Mediate Transferee, Preference, Subsequent Transferee.