- 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. Bloomberg Financial Dictionary
* * *beneficiary ben‧e‧fi‧cia‧ry [ˌbenˈfɪʆəri ǁ -ˈfɪʆieri] noun beneficiaries PLURALFORM [countable]
• Dorothy's son was her sole beneficiary.2. any person or organization that gets an advantage or help from something:
• Oil companies were the main beneficiaries of the budget.
* * *beneficiary UK US /ˌbenɪˈfɪʃəri/ noun [C] (plural beneficiaries)► a person or group that receives money, advantages, help, etc. from something: beneficiary of sth »
London will be the beneficiary of investment in its transport system.»
They were the beneficiaries of free education.► LAW, INSURANCE a person who receives money or property from someone who has died: beneficiary of sth »
Her husband was the sole beneficiary of her life insurance policy.»
He designated her the beneficiary of half his estate.beneficiary under sth »
One of the beneficiaries under his will was his business partner.► LAW, INSURANCE, FINANCE a person or group that receives payments from a pension plan, insurance policy, trust, etc.: beneficiary of sth »
The family are beneficiaries of a trust which owns a number of properties around the world.
Financial and business terms. 2012.