Dictionary
3 ENTRIES FOUND:

beneficiary

noun ben·e·fi·cia·ry \ˌbe-nə-ˈfi-shē-ˌer-ē, -e-rē, -ˈfi-sh(ə-)rē\

: a person, organization, etc., that is helped by something : someone or something that benefits from something

: a person, organization, etc., that receives money or property when someone dies

plural ben·e·fi·cia·ries

Full Definition of BENEFICIARY

1
:  one that benefits from something
2
a :  the person designated to receive the income of a trust estate
b :  the person named (as in an insurance policy) to receive proceeds or benefits
beneficiary adjective

Examples of BENEFICIARY

  1. The college was a beneficiary of the private grant.

First Known Use of BENEFICIARY

1662

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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