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beneficiary

noun

ben·​e·​fi·​cia·​ry ˌbe-nə-ˈfi-shē-ˌer-ē How to pronounce beneficiary (audio)
-e-rē,
-ˈfi-sh(ə-)rē How to pronounce beneficiary (audio)
plural beneficiaries
1
: a person or thing that receives help or an advantage from something : one that benefits from something
the main beneficiaries of these economic reforms
2
a
law : the person designated to receive the income of an estate that is subject to a trust (see trust entry 1 sense 3a)
b
: the person named (as in an insurance policy) to receive proceeds or benefits (see benefit entry 1 sense 2b)
named his brother as the sole beneficiary of his life insurance policy

Did you know?

Beneficiary is often used in connection with life insurance, but it shows up in many other contexts as well. A college may be the beneficiary of a private donation. Your uncle's will may make a church his sole beneficiary, in which case all his money and property will go to it when he dies. A "third-party beneficiary" of a contract is a person (often a child) who the people signing the contract (which is usually an insurance policy or an employee-benefit plan) want to benefit from it. In a more general way, a small business may be a beneficiary of changes to the tax code, or a restaurant may be the beneficiary when the one across the street closes down and its whole lunch crowd starts coming in.

Example Sentences

The college was a beneficiary of the private grant.
Recent Examples on the Web With lockdowns forcing people out of cities across the country, Americans have been flocking to the outdoors and Vista is one company that has been a beneficiary of the broader movement to get back to nature. Chris Dorsey, Forbes, 8 Aug. 2022 The organization has been a beneficiary of the Game On auction in the past. Laura Latzko, The Arizona Republic, 28 July 2022 The house deemed to be teh ugliest will be the beneficiary of a $150,000 renovation steered by HGTV interior design star Alison Victoria. Sofia Behzadi, Variety, 26 July 2022 Tyler Gilbert, the Diamondbacks starter who was the beneficiary of his outfield's play, settled down after a bumpy first inning and got through 5 ⅔ innings, tying his longest outing of the season. José M. Romero, The Arizona Republic, 10 July 2022 Her attorney is sharp and asks for copies of any trusts that daughter may be a beneficiary of. Martin Shenkman, Forbes, 11 July 2022 My mother, born in 1930 in the Jim Crow South, was indeed a beneficiary of this movement's work. Omisade Burney-scott, Good Housekeeping, 8 July 2022 With that, a country that has traditionally been a beneficiary of international mediation with the Palestinians and Arab nations was inching toward becoming the mediator. Tia Goldenberg, ajc, 6 Mar. 2022 With that, a country that has traditionally been a beneficiary of international mediation with the Palestinians and Arab nations was inching toward becoming the mediator. Tia Goldenberg, The Christian Science Monitor, 6 Mar. 2022 See More

Word History

Etymology

see benefice

First Known Use

1627, in the meaning defined at sense 1

Time Traveler
The first known use of beneficiary was in 1627

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