Beneficiary meaning: BENEFICIARY definition

BENEFICIARY definition : 1. a person or group who receives money, advantages, etc. as a result of something else: 2. a…. Learn more. What is a beneficiary ? A beneficiary is the term for a person or entity (such as a charity or a trust) who receives some type of benefit after the owner passes away. A beneficiary is named through paperwork when the asset (such as a retirement account) is established, although you can change it at any point before your death. In some cases, such as when purchasing a life insurance policy, you must name a beneficiary before you can complete the policy transaction. You can also split your ... Definition of beneficiary noun in Oxford Advanced Learner's Dictionary. Meaning , pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.