Definition Of beneficiary

noun

a person who derives advantage from something, especially a trust, will, or life insurance policy.

Australia would be the beneficiary of a policy it did not have to underwrite.

Example Of beneficiary

  • Any failure on its part can be visited by an action by the investors as beneficiaries under a trust.

  • As the beneficiary of the first trust, you can continue to live in your home rent free.

  • Australia would be the beneficiary of a policy it did not have to underwrite.

  • Every human being is the beneficiary of this trust, and is equally entitled to its use.

  • Forty one percent of the beneficiaries did not receive the full amount of money.


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