noun

definition

One who benefits or receives an advantage.

example

You are the lucky beneficiary of this special offer.

definition

One who benefits from the distribution, especially of an estate.

example

If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiary’s share to the surviving beneficiaries by right of representation.

definition

One who benefits from the payout of an insurance policy.

adjective

definition

Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.

definition

Bestowed as a gratuity.

example

beneficiary gifts

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