beneficiary

ben·e·fi·ci·ar·y

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noun

The beneficiary is defined as the person who benefits from something such as a will or a life insurance policy.

An example of a beneficiary is the person who you leave your house to when you die.

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"beneficiary." YourDictionary, n.d. Web. 22 June 2018. <http://invest.yourdictionary.com/beneficiary>.

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beneficiary. (n.d.). Retrieved June 22nd, 2018, from http://invest.yourdictionary.com/beneficiary

beneficiary

of or holding a benefice

Origin of beneficiary

Classical Latin beneficiarius

noun

pl. -·ar·ies

a holder of a benefice
anyone receiving benefit
a person named to receive the income or inheritance from a will, insurance policy, trust, etc.
Law a person for whose benefit a trust has been created

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MLA Style

"beneficiary." YourDictionary, n.d. Web. 22 June 2018. <http://invest.yourdictionary.com/beneficiary>.

APA Style

beneficiary. (n.d.). Retrieved June 22nd, 2018, from http://invest.yourdictionary.com/beneficiary

beneficiary

noun

pl. ben·e·fi·ci·ar·ies

One that receives a benefit: I am the beneficiary of your generosity.
The recipient of funds, property, or other benefits, as from an insurance policy or trust.
Ecclesiastical The holder of a benefice.

Origin of beneficiary

Medieval Latin beneficiārius holder of a feudal benefice from Latin soldier granted privileges from beneficium benefit ; see benefice .

Related Forms:

ben′e·fi′ci·ar′y
adjective

THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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MLA Style

"beneficiary." YourDictionary, n.d. Web. 22 June 2018. <http://invest.yourdictionary.com/beneficiary>.

APA Style

beneficiary. (n.d.). Retrieved June 22nd, 2018, from http://invest.yourdictionary.com/beneficiary

Noun

(plural beneficiaries)

One who benefits or receives an advantage.
You are the lucky beneficiary of this special offer.
(law) One who benefits from the distribution, especially of an estate.
If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiary’s share to the surviving beneficiaries by right of representation.

Adjective

(not comparable)

Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.
Bestowed as a gratuity.
beneficiary gifts

Origin

Latin bene (“well”) + facio (“make”) + -ary

English Wiktionary. Available under CC-BY-SA license.

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MLA Style

"beneficiary." YourDictionary, n.d. Web. 22 June 2018. <http://invest.yourdictionary.com/beneficiary>.

APA Style

beneficiary. (n.d.). Retrieved June 22nd, 2018, from http://invest.yourdictionary.com/beneficiary

beneficiary - Investment & Finance Definition

The institution or person who receives cash or an investment; typi-cally used to refer to people who inherit money or property through a will, or people who receive the proceeds from a life insurance policy, annuity, or trust.

Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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MLA Style

"beneficiary." YourDictionary, n.d. Web. 22 June 2018. <http://invest.yourdictionary.com/beneficiary>.

APA Style

beneficiary. (n.d.). Retrieved June 22nd, 2018, from http://invest.yourdictionary.com/beneficiary

beneficiary - Legal Definition

n

A person entitled to an advantage, benefit, or profit (such as an inheritance under a will or the proceeds of an annuity, insurance policy, or property held in trust) arising from an appointment, assignment, disposition, instrument, or legal arrangement.

creditor beneficiary

A third-party beneficiary who is to receive the benefit of a contract in satisfaction of a debt, duty, or liability owed to them by the party who purchased the benefit. Under certain circumstances, the execution of the contract itself may discharge the obligation. In any case, the contract must be primarily for the third person’s benefit.

donee beneficiary

A third-party beneficiary who is to receive the benefit of a contract as a gift from the party who purchased the benefit.

incidental beneficiary

A person who is not a party to, but is the unintended beneficiary of, a contract or trust. Such a person has no legally enforceable right to the benefit they receive.

intended beneficiary

A person who is not a party to a contract or trust, but is intended by the parties to benefit from the contract or trust. Such a person has the ability to legally enforce the contract or trust once their right to the benefit vests.

third-party beneficiary

A person who is not a party to, but is the intended beneficiary of, a contract.