beneficiaryˌbɛn əˈfɪʃ iˌɛr i, -ˈfɪʃ ə ri
beneficiary (n)
- plural
- beneficiaries
English Definitions:
beneficiary, donee (noun)
the recipient of funds or other benefits
benefactive role, beneficiary (adj)
the semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause
beneficiary (adj)
having or arising from a benefice
"a beneficiary baron"
beneficiary (Noun)
One who benefits or receives an advantage.
beneficiary (Noun)
One who benefits from the distribution, especially of an estate.
Beneficiary
In trust law, a beneficiary or cestui que use, a.k.a. cestui que trust, is the person or persons who are entitled to the benefit of any trust arrangement. A beneficiary will normally be a natural person, but it is perfectly possible to have a company as the beneficiary of a trust, and this often happens in sophisticated commercial transaction structures. With the exception of charitable trusts, and some specific anomalous non-charitable purpose trusts, all trusts are required to have ascertainable beneficiaries. Generally speaking, there are no structures as to who may be a beneficiary of a trust; a beneficiary can be a minor, or under a mental disability. It is also possible to have trusts for unborn children, although the trusts must vest within the applicable perpetuity period.
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"beneficiary." Kamus.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.kamus.net/english/beneficiary>.
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