Definitions for Beneficiaryˌbɛn əˈfɪʃ iˌɛr i, -ˈfɪʃ ə ri
This page provides all possible meanings and translations of the word Beneficiary
the recipient of funds or other benefits
benefactive role, beneficiary(adj)
the semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause
having or arising from a benefice
"a beneficiary baron"
One who benefits or receives an advantage.
You are the lucky beneficiary of this special offer.
One who benefits from the distribution, especially of an estate.
If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiaryu2019s share to the surviving beneficiaries by right of representation.
Origin: bene + facio + -ary
holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession
bestowed as a gratuity; as, beneficiary gifts
a feudatory or vassal; hence, one who holds a benefice and uses its proceeds
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
In trust law, a beneficiary or cestui que use, a.k.a. cestui que trust, is the person or persons who are entitled to the benefit of any trust arrangement. A beneficiary will normally be a natural person, but it is perfectly possible to have a company as the beneficiary of a trust, and this often happens in sophisticated commercial transaction structures. With the exception of charitable trusts, and some specific anomalous non-charitable purpose trusts, all trusts are required to have ascertainable beneficiaries. Generally speaking, there are no structures as to who may be a beneficiary of a trust; a beneficiary can be a minor, or under a mental disability. It is also possible to have trusts for unborn children, although the trusts must vest within the applicable perpetuity period.
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