Meaning of “beneficiary” in the English Dictionary

(Definition of “beneficiary” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"beneficiary" in American English

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beneficiarynoun [ C ]

us /ˌben·əˈfɪʃ·iˌer·i, -ˈfɪʃ·ə·ri/

a person or group who receives money or other benefits as a result of something else:

Among major beneficiaries of the new tax law will be giant telecommunications companies.

(Definition of “beneficiary” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"beneficiary" in Business English

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beneficiarynoun [ C ]

uk /ˌbenɪˈfɪʃəri/ us plural beneficiaries

a person or group that receives money, advantages, help, etc. from something:

beneficiary of sth London will be the beneficiary of investment in its transport system.
They were the beneficiaries of free education.

LAW, INSURANCE a person who receives money or property from someone who has died:

beneficiary of sth Her husband was the sole beneficiary of her life insurance policy.
He designated her the beneficiary of half his estate.
beneficiary under sth One of the beneficiaries under his will was his business partner.

LAW, INSURANCE, FINANCE a person or group that receives payments from a pension plan, insurance policy, trust, etc.:

beneficiary of sth The family are beneficiaries of a trust which owns a number of properties around the world.

(Definition of “beneficiary” from the Cambridge Business English Dictionary © Cambridge University Press)