Cool MateBeneficiary
UK //ˌbɛnɪˈfɪʃəri//US //ˌbɛnɪˈfɪʃəri//
Definition
A person entitled to receive benefits from a will, insurance policy, or trust.
In simple words: A person who receives benefits, usually money or property.
Examples
- The beneficiary of the trust will receive funds once they turn 18.
- As a beneficiary, she was entitled to a portion of her deceased cousin's estate.
- He listed his children as the beneficiaries of his life insurance policy.
- The elderly woman appointed her neighbor as the beneficiary of her pension.
- Understanding who the beneficiary is can simplify the inheritance process.
Usage notes
Often used in legal and financial contexts. Not commonly used in casual conversation.
Grammar pattern
beneficiary + of + noun
Memory hint
Think of a 'benefit-giver' who helps someone get what they need.
Collocations
- designate a beneficiary
- primary beneficiary
- final beneficiary
Synonyms
- recipient
- heir
- legatee
- inheritor
- assignee
Antonyms
- donor
- giver
Common mistakes
- Confused with 'benefit'; remember 'beneficiary' refers specifically to a person.
- Using in informal settings; it's more appropriate for formal discussions.