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beneficiary
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

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beneficiary ben‧e‧fi‧cia‧ry [ˌbenˈfɪʆəri ǁ -ˈfɪʆieri] noun beneficiaries PLURALFORM [countable]
1. LAW INSURANCE a person who receives money or property from someone who has died:

• 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.

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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.

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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.

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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.