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beneficiary

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beneficiary

1. Law a person entitled to receive funds or other property under a trust, will, or insurance policy
2. the holder of an ecclesiastical or other benefice
3. NZ a person who receives government assistance
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
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References in periodicals archive
Be the principal beneficiary of a Form I-130 petition that was filed by the veteran or the veteran's surviving spouse and approved by USCIS before the qualifying petitioner requests parole on behalf of the principal beneficiary; and
Moving on to IRAs, you can ask if a named beneficiary might need protection from future creditors.
* During the life of the current income beneficiary, the trust can have only one income beneficiary of the trust; * Any corpus distributed during the life of the current income beneficiary may be distributed only to that beneficiary;
The issuing bank conceded that the letter of credit beneficiary had timely presented all of the documents required by the letter of credit.
For SSI beneficiaries, small differences will exist if the beneficiary uses blindness-related work expenses, rather than impairment-related work expenses, which are both exemptions to earnings from work.
First, the present value of the stream of payments made over the term of the trust will be a gift subject to normal gift tax rules if the beneficiary is other than the donor or the donor's spouse.
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