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beneficiary - 7 dictionary results
ben⋅e⋅fi⋅ci⋅ar⋅y
[ben-uh-fish-ee-er-ee, -fish-uh-ree] 
əˈfɪʃ
–noun, plural -ar⋅ies.
| 1. | a person or group that receives benefits, profits, or advantages. |
| 2. | a person designated as the recipient of funds or other property under a will, trust, insurance policy, etc. |
| 3. | Ecclesiastical. the holder of a benefice. |
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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|
Link To beneficiary
| ben·e·fi·ci·ar·y (běn'ə-fĭsh'ē-ěr'ē, -fĭsh'ə-rē) n. pl. ben·e·fi·ci·ar·ies
[Medieval Latin beneficiārius, holder of a feudal benefice, from Latin, soldier granted privileges, from beneficium, benefit; see benefice.] ben'e·fi'ci·ar'y adj. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Beneficiary
Ben`e*fi"ci*a*ry\, a. [Cf. F. b['e]n['e]ficiaire, LL. beneficiarius.]1. Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession. A feudatory or beneficiary king of England. --Bacon. 2. Bestowed as a gratuity; as, beneficiary gifts.Beneficiary
Ben`e*fi"ci*a*ry\, n.; pl. Beneficiaries. 1. A feudatory or vassal; hence, one who holds a benefice and uses its proceeds. --Ayliffe. 2. One who receives anything as a gift; one who receives a benefit or advantage; esp. one who receives help or income from an educational fund or a trust estate. The rich men will be offering sacrifice to their Deity whose beneficiaries they are. --Jer. Taylor.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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Language Translation for : beneficiary
Spanish:
beneficiario,
German:
der, *die Nutznießer, *-in,
Japanese:
受益者
beneficiary [(ben-uh-fish-ee-er-ee, ben-uh-fish-uh-ree)]
The recipient of funds, property, or other benefits from an insurance policy, will, trust, or other settlement.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Beneficiary
A person or entity named in a will or financial contract as the inheritor of property when the property owner dies.
Investopedia Commentary
A beneficiary can be a spouse, child, charity, or any entity or person to whom the property owner would like to leave his or her possessions and assets.
Related Links
Who Is The Beneficiary Of Your Account?
Inherited Retirement Plan Assets - Part 1
Inherited Retirement Plan Assets - Part 2
The Importance of Sept 30 for Multiple Beneficiaries
See also: Estate, Extended IRA, Heir, Will
Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Main Entry: ben·e·fi·cia·ry
Pronunciation: "be-n&-'fi-shE-"er-E, -'fi-sh&-rE
Function: noun
Inflected Form: plural -ries
: a person or entity (as a charity or estate) that receives a benefit from something: as a : the person or entity named or otherwise entitled to receive the principal or income or both from a trust —compare SETTLOR, TRUSTEE
contingent beneficiary
: a beneficiary that may receive proceeds from a trust depending on the occurrence of a specified event (as the death of another beneficiary)
income beneficiary
: a beneficiary that according to the provisions of a trust is to receive income but not the principal of the trust
NOTE: A trust may provide for income to be paid to someone (as a spouse) for his or her lifetime and then for payment of the principal to another person. A trustee is sometimes allowed to distribute some of the principal of the trust to an income beneficiary when necessary for the support of the beneficiary if support of the beneficiary was the purpose of the trust. b : the person or entity named by the insured of a life insurance policy to receive the proceeds upon the insured's death
contingent beneficiary
: a beneficiary named to receive the insurance proceeds if the primary beneficiary has died called also secondary beneficiary
pri·ma·ry beneficiary
/'prI-"mer-E-, -m&-rE-/
: a beneficiary named to receive the insurance proceeds before any other
sec·ond·ary beneficiary
/'sek-&n-"der-E-/
: CONTINGENT BENEFICIARY in this entry c : a person or entity entitled under a letter of credit to demand payment from the issuer of the letter d : a person or entity that benefits from a promise, agreement, or contract; especially : THIRD-PARTY BENEFICIARY in this entry
creditor beneficiary
: a direct beneficiary whom the party paying for the other party's performance intends to benefit as payment for a debt or obligation —compare DONEE BENEFICIARY in this entry
direct beneficiary
: a third-party beneficiary to a contract whom the parties to the contract intended to benefit —compare INCIDENTAL BENEFICIARY in this entry
donee beneficiary
: a direct beneficiary whom the party paying for the other party's performance intends to benefit as a gift or donation
incidental beneficiary
: a third-party beneficiary to a contract whom the parties to the contract did not intend to benefit —compare DIRECT BENEFICIARY in this entry
third–party beneficiary
: a person or entity that is not a party to but has rights under a contract made by two other parties
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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