Beneficiary
/ˌbɛnɪˈfɪʃiˌɛri/
Definitions
- (n.) A person or entity entitled to receive benefits or assets under a will, trust, insurance policy, or other legal arrangement.
The beneficiary received the inheritance as stipulated in the will.
Forms
- beneficiaries
Related terms
See also
Commentary
The term 'beneficiary' is often used in estate planning and insurance contexts; ensure clarity about the nature of benefits conferred.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.