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beneficiary meaning

[ ˌbeni'fiʃəri ] Pronunciation:   "beneficiary" in a sentence
  • Noun: beneficiary  `benu'fishee`eree [N. Amer], `benu'fishuree [Brit]
    1. The recipient of funds or other benefits
      - donee 
    2. The semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause
      - benefactive role
    Adjective: beneficiary  `benu'fishee`eree [N. Amer], `benu'fishuree [Brit]
    1. Having or arising from a benefice
      "a beneficiary baron"

    Derived forms: beneficiaries

    See also: benefice

    Type of: participant role, receiver, recipient, semantic role

    Encyclopedia: Beneficiary


  • [Business]
    AmE / noun [C] (plural beneficiaries)

    1

    a person who gains an advantage as a result of sth:

    Who will be the main beneficiary of the cuts in income tax?

    2 (Law )

    a person who receives money or property when sb dies:

    She is the sole beneficiary under her father's will.

    3 (Law )

    the person that a trust keeps and looks after property or money for TRUSTEE

    4 (Finance )

    a person or company that receives a payment of money:

    the beneficiary of a cheque

    In order to transfer the funds you will need to know the beneficiary account number and bank code.


  • [Economics]
    1) A person for whose benefit a trust exists.

    2) A person who benefits under a will.

    3) A person who receives money from the proceeds of a letter of credit.

    4) A person who receives payment at the conclusion of a transaction, e.g. a retailer who has been paid by a customer by means of a credit card.


  • [Finance]
    Term used to refer to the person who receives the benefits of a trust or the recipient of the proceeds of a life insurance policy.

  • [Law]
    n. 1. A person entitled to benefit from a trust. The beneficiary holds a beneficial interest in the property of which a trustee holds the legal interest. A beneficiary was formerly known as the cestui que trust.
    2. One who benefits from a will.

Examples

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  1. the transferee is called the second beneficiary.
  2. his wife constance was designated as his beneficiary.
  3. nonetheless, the beneficiaries were generally from the bottom half of the population in terms of income.
  4. in due course i became a beneficiary of this state of affairs and of this bias of the media.
  5. the issuing bank will sell the banker's acceptance in the market and remit the funds to the beneficiary.

Related Words

  1. beneficial occupancy meaning
  2. beneficial owner meaning
  3. beneficial ownership meaning
  4. beneficially meaning
  5. beneficialness meaning
  6. beneficiary, primary | beneficiary | primary | primary beneficiary | meaning
  7. beneficiary, secondary | beneficiary | secondary | secondary beneficiary | meaning
  8. beneficiate meaning
  9. beneficiation meaning
  10. benefit meaning
PC Version