Dictionary

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
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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
BENEFICIARY Defined for Kids

beneficiary

noun ben·e·fi·cia·ry \ˌbe-nə-ˈfi-shē-ˌer-ē\
plural ben·e·fi·cia·ries

Definition of BENEFICIARY for Kids

:  a person who benefits or will benefit from something

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