beneficiary

noun

ben·e·fi·cia·ry ˌbe-nə-ˈfi-shē-ˌer-ē How to pronounce beneficiary (audio)

-e-rē,

-ˈfi-sh(ə-)rē How to pronounce beneficiary (audio)

plural beneficiaries

: a person or thing that receives help or an advantage from something : one that benefits from something

the main beneficiaries of these economic reforms

law : the person designated to receive the income of an estate that is subject to a trust (see trust entry 1 sense 3a)

: the person named (as in an insurance policy) to receive proceeds or benefits (see benefit entry 1 sense 2b)

named his brother as the sole beneficiary of his life insurance policy

Did you know?

Beneficiary is often used in connection with life insurance, but it shows up in many other contexts as well. A college may be the beneficiary of a private donation. Your uncle's will may make a church his sole beneficiary, in which case all his money and property will go to it when he dies. A "third-party beneficiary" of a contract is a person (often a child) who the people signing the contract (which is usually an insurance policy or an employee-benefit plan) want to benefit from it. In a more general way, a small business may be a beneficiary of changes to the tax code, or a restaurant may be the beneficiary when the one across the street closes down and its whole lunch crowd starts coming in.

Example Sentences

The college was a beneficiary of the private grant.

Recent Examples on the Web With lockdowns forcing people out of cities across the country, Americans have been flocking to the outdoors and Vista is one company that has been a beneficiary of the broader movement to get back to nature.

Chris Dorsey, Forbes, 8 Aug. 2022 The organization has been a beneficiary of the Game On auction in the past.

Laura Latzko, The Arizona Republic, 28 July 2022 The house deemed to be teh ugliest will be the beneficiary of a $150,000 renovation steered by HGTV interior design star Alison Victoria.

Sofia Behzadi, Variety, 26 July 2022 Tyler Gilbert, the Diamondbacks starter who was the beneficiary of his outfield's play, settled down after a bumpy first inning and got through 5 ⅔ innings, tying his longest outing of the season.

José M. Romero, The Arizona Republic, 10 July 2022 Her attorney is sharp and asks for copies of any trusts that daughter may be a beneficiary of.

Martin Shenkman, Forbes, 11 July 2022 My mother, born in 1930 in the Jim Crow South, was indeed a beneficiary of this movement's work.

Omisade Burney-scott, Good Housekeeping, 8 July 2022 With that, a country that has traditionally been a beneficiary of international mediation with the Palestinians and Arab nations was inching toward becoming the mediator.

Tia Goldenberg, ajc, 6 Mar. 2022 With that, a country that has traditionally been a beneficiary of international mediation with the Palestinians and Arab nations was inching toward becoming the mediator.

Tia Goldenberg, The Christian Science Monitor, 6 Mar. 2022 See More

Legal Definition

beneficiary

noun

ben·e·fi·cia·ry ˌbe-nə-ˈfi-shē-ˌer-ē, -ˈfi-shə-rē How to pronounce beneficiary (audio)

plural beneficiaries

: a person or entity (as a charity or estate) that receives a benefit from something (as a will or other instrument or legal agreement): as

: the person or entity named or otherwise entitled to receive the principal or income or both from a trust compare settlor, trustee

— contingent beneficiary

: a beneficiary that may receive proceeds from a trust depending on the occurrence of a specified event (as the death of another beneficiary)

— income beneficiary

: a beneficiary that according to the provisions of a trust is to receive income but not the principal of the trust

Note: A trust may provide for income to be paid to someone (as a spouse) for his or her lifetime and then for payment of the principal to another person. A trustee is sometimes allowed to distribute some of the principal of the trust to an income beneficiary when necessary for the support of the beneficiary if support of the beneficiary was the purpose of the trust.

: the person or entity named by the insured of a life insurance policy to receive the proceeds upon the insured's death

— contingent beneficiary

: a beneficiary named to receive the insurance proceeds if the primary beneficiary has died

called also secondary beneficiary

— primary beneficiary \\ ˈprī-ˌmer-ē-, -mə-rē- \\

: a beneficiary named to receive the insurance proceeds before any other

— secondary beneficiary \\ ˈsek-ən-ˌder-ē- \\

: contingent beneficiary in this entry

: a person or entity entitled under a letter of credit to demand payment from the issuer of the letter

: a person or entity that benefits from a promise, agreement, or contract

especially : third-party beneficiary in this entry

the contractual beneficiaries…are mortgagees and investors

Key Pac. Mortg. Inc. v. Industrial Indem. Co., 845 P.2d 1087 (1993)

— creditor beneficiary

: a direct beneficiary whom the party paying for the other party's performance intends to benefit as payment for a debt or obligation compare donee beneficiary in this entry

— direct beneficiary

: a third-party beneficiary to a contract whom the parties to the contract intended to benefit compare incidental beneficiary in this entry

— donee beneficiary

: a direct beneficiary whom the party paying for the other party's performance intends to benefit as a gift or donation

— incidental beneficiary

: a third-party beneficiary to a contract whom the parties to the contract did not intend to benefit compare direct beneficiary in this entry

— third-party beneficiary

: a person or entity that is not a party to but has rights under a contract made by two other parties

单词	beneficiary
释义	beneficiary noun ben·e·fi·cia·ry ˌbe-nə-ˈfi-shē-ˌer-ē -e-rē, -ˈfi-sh(ə-)rē plural beneficiaries 1 : a person or thing that receives help or an advantage from something : one that benefits from something the main beneficiaries of these economic reforms 2 a law : the person designated to receive the income of an estate that is subject to a trust (see trust entry 1 sense 3a) b : the person named (as in an insurance policy) to receive proceeds or benefits (see benefit entry 1 sense 2b) named his brother as the sole beneficiary of his life insurance policy Did you know? Beneficiary is often used in connection with life insurance, but it shows up in many other contexts as well. A college may be the beneficiary of a private donation. Your uncle's will may make a church his sole beneficiary, in which case all his money and property will go to it when he dies. A "third-party beneficiary" of a contract is a person (often a child) who the people signing the contract (which is usually an insurance policy or an employee-benefit plan) want to benefit from it. In a more general way, a small business may be a beneficiary of changes to the tax code, or a restaurant may be the beneficiary when the one across the street closes down and its whole lunch crowd starts coming in. Example Sentences The college was a beneficiary of the private grant. Recent Examples on the Web With lockdowns forcing people out of cities across the country, Americans have been flocking to the outdoors and Vista is one company that has been a beneficiary of the broader movement to get back to nature. Chris Dorsey, Forbes, 8 Aug. 2022 The organization has been a beneficiary of the Game On auction in the past. Laura Latzko, The Arizona Republic, 28 July 2022 The house deemed to be teh ugliest will be the beneficiary of a $150,000 renovation steered by HGTV interior design star Alison Victoria. Sofia Behzadi, Variety, 26 July 2022 Tyler Gilbert, the Diamondbacks starter who was the beneficiary of his outfield's play, settled down after a bumpy first inning and got through 5 ⅔ innings, tying his longest outing of the season. José M. Romero, The Arizona Republic, 10 July 2022 Her attorney is sharp and asks for copies of any trusts that daughter may be a beneficiary of. Martin Shenkman, Forbes, 11 July 2022 My mother, born in 1930 in the Jim Crow South, was indeed a beneficiary of this movement's work. Omisade Burney-scott, Good Housekeeping, 8 July 2022 With that, a country that has traditionally been a beneficiary of international mediation with the Palestinians and Arab nations was inching toward becoming the mediator. Tia Goldenberg, ajc, 6 Mar. 2022 With that, a country that has traditionally been a beneficiary of international mediation with the Palestinians and Arab nations was inching toward becoming the mediator. Tia Goldenberg, The Christian Science Monitor, 6 Mar. 2022 See More Word History Etymology see benefice First Known Use 1627, in the meaning defined at sense 1 Kids Definition beneficiary noun ben·e·fi·cia·ry ˌbe-nə-ˈfi-shē-ˌer-ē plural beneficiaries : a person who benefits or will benefit from something Legal Definition beneficiary noun ben·e·fi·cia·ry ˌbe-nə-ˈfi-shē-ˌer-ē, -ˈfi-shə-rē plural beneficiaries : a person or entity (as a charity or estate) that receives a benefit from something (as a will or other instrument or legal agreement): as a : the person or entity named or otherwise entitled to receive the principal or income or both from a trust compare settlor, trustee — contingent beneficiary : a beneficiary that may receive proceeds from a trust depending on the occurrence of a specified event (as the death of another beneficiary) — income beneficiary : a beneficiary that according to the provisions of a trust is to receive income but not the principal of the trust Note: A trust may provide for income to be paid to someone (as a spouse) for his or her lifetime and then for payment of the principal to another person. A trustee is sometimes allowed to distribute some of the principal of the trust to an income beneficiary when necessary for the support of the beneficiary if support of the beneficiary was the purpose of the trust. b : the person or entity named by the insured of a life insurance policy to receive the proceeds upon the insured's death — contingent beneficiary : a beneficiary named to receive the insurance proceeds if the primary beneficiary has died called also secondary beneficiary — primary beneficiary \\ ˈprī-ˌmer-ē-, -mə-rē- \\ : a beneficiary named to receive the insurance proceeds before any other — secondary beneficiary \\ ˈsek-ən-ˌder-ē- \\ : contingent beneficiary in this entry c : a person or entity entitled under a letter of credit to demand payment from the issuer of the letter d : a person or entity that benefits from a promise, agreement, or contract especially : third-party beneficiary in this entry the contractual beneficiaries…are mortgagees and investors Key Pac. Mortg. Inc. v. Industrial Indem. Co., 845 P.2d 1087 (1993) — creditor beneficiary : a direct beneficiary whom the party paying for the other party's performance intends to benefit as payment for a debt or obligation compare donee beneficiary in this entry — direct beneficiary : a third-party beneficiary to a contract whom the parties to the contract intended to benefit compare incidental beneficiary in this entry — donee beneficiary : a direct beneficiary whom the party paying for the other party's performance intends to benefit as a gift or donation — incidental beneficiary : a third-party beneficiary to a contract whom the parties to the contract did not intend to benefit compare direct beneficiary in this entry — third-party beneficiary : a person or entity that is not a party to but has rights under a contract made by two other parties beneficiary noun as in claimant someone who inherits something when someone dies He named his only child as the beneficiary on his life insurance policy. Synonyms & Similar Words Relevance claimant heir assignee legatee devisee grantee inheritor successor heiress representative heir at law heir apparent descendant descendent succeeder coheir scion coheiress
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beneficiary

noun

Did you know?

Example Sentences

Word History

Kids Definition

noun

Legal Definition

noun

noun