Beneficiary meaning

bĕn'ə-fĭsh'ē-ĕr'ē, -fĭsh'ə-rē
Of or holding a benefice.
adjective
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One that receives a benefit.

I am the beneficiary of your generosity.

noun
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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.

noun
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The recipient of funds, property, or other benefits, as from an insurance policy or trust.
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The holder of a benefice.
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A holder of a benefice.
noun
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Anyone receiving benefit.
noun
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A person named to receive the income or inheritance from a will, insurance policy, trust, etc.
noun
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A person for whose benefit a trust has been created.
noun
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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.
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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.
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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.
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A third-party beneficiary who is to receive the benefit of a contract as a gift from the party who purchased the benefit.
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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.
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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.
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A person who is not a party to, but is the intended beneficiary of, a contract.
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One who benefits or receives an advantage.

You are the lucky beneficiary of this special offer.

noun
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(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.

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

Beneficiary gifts.

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Origin of beneficiary

  • Medieval Latin beneficiārius holder of a feudal benefice from Latin soldier granted privileges from beneficium benefit benefice
    From American Heritage Dictionary of the English Language, 5th Edition
  • Latin bene (“well”) + facio (“make”) + -ary
    From Wiktionary

Beneficiary Sentence Examples

  • The state university is under the control of the board of regents, and is maintained by the state and is the beneficiary of 86,000 acres of land grants from the Federal government.

  • Also, this type of annuity allows the beneficiary of the investor to receive a death benefit that is guaranteed to be equal to the amount of premiums that the investor paid, up until the time of death.

  • The person insured is the one whose life the policy covers, while the beneficiary or beneficiaries are the people who receive income when the insured person dies from causes covered under the policy.

  • If the insured person dies during the time when the insurance policy is in effect, the insurance company pays the amount of the death benefit to the beneficiary of the policy.

  • This may give a disappointed beneficiary a right of action against them.

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Words near beneficiary in the Dictionary