- 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.
beneficiary definition by Webster's New World
Origin: Classical Latin beneficiarius
- 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
beneficiary definition by American Heritage Dictionary
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 will.
- Ecclesiastical The holder of a benefice.
Origin: Medieval Latin beneficiārius, holder of a feudal benefice, from Latin, soldier granted privileges, from beneficium, benefit; see benefice.
- benˌe·fiˈci·arˌy adjective
beneficiary - Business Definition
beneficiary - Cultural Definition
The recipient of funds, property, or other benefits from an insurance policy, will, trust, or other settlement.
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.
beneficiary - Legal Definition