Beneficiary - Meaning, Definition & English Examples
A beneficiary is a person or entity who receives benefits, profits, or advantages from something, such as a will, insurance policy, or trust. It often refers to someone entitled to inherit assets.
beneficiary
Definition:
A person or entity that receives benefits, especially from a will, insurance policy, or trust.
Synonyms:
heir, recipient, payee, grantee
Part of Speech:
noun
Antonyms:
benefactor, donor
Common Collocations:
primary beneficiary, named beneficiary, sole beneficiary, trust beneficiary
Derivatives:
beneficiaries (plural), beneficially (adverb)
Usage Tips:
Use "beneficiary" to refer to someone who gains advantages from a legal or financial arrangement.
Common Phrases:
"sole beneficiary, " "contingent beneficiary, " "residual beneficiary"
Etymology:
Derived from Latin *beneficiarius*, meaning "enjoying a favor or privilege."
Examples:
- 1. She is the sole beneficiary of her grandfather’s estate.
- 2. The insurance company paid the beneficiary after the policyholder’s death.
- 3. He named his children as beneficiaries in his will.
- 4. The charity became the unexpected beneficiary of the donation.