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beneficiary |
Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia | 0.04 sec. |
beneficiaryPerson or entity (e.g., a charity or estate) that receives a benefit from something (e.g., a trust, life-insurance policy, or contract). A primary beneficiary receives proceeds from a trust or insurance policy before any other. A contingent beneficiary receives proceeds upon the occurrence of a specified event, such as the death of the primary beneficiary. A direct beneficiary is a third party whom contracting individuals intend to benefit from a contract; an incidental beneficiary benefits without that being the contracting individuals' intention. 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 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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This giving is flat usurpation, and therefore when the beneficiary is ungrateful, as all beneficiaries hate all Timons, not at all considering the value of the gift but looking back to the greater store it was taken from,--I rather sympathize with the beneficiary than with the anger of my lord Timon. She replied that it was a beneficiary of the town who had a nice taste in devising things of the sort. There is this trouble about special providences--namely, there is so often a doubt as to which party was intended to be the beneficiary. |
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