Definition, Meaning & Synonyms
beneficiary
noun
/ˌbɛnɪˈfɪʃəri/
Definition
A person or entity that receives benefits or advantages, especially from a trust, will, or insurance policy.
Examples
- After her father passed away, she became the sole beneficiary of his life insurance policy.
- The charity was named the beneficiary of the fundraising event.
- In the trust fund, the children are the primary beneficiaries.
Meaning
In legal and financial contexts, a beneficiary is someone who gains from the advantages outlined in a legal document or a financial arrangement.
Synonyms
- recipient
- heir
- legatee
- inheritor
