BENEFICIARIES — Definition of BENEFICIARIES
noun
1
One who benefits or receives an advantage.
You are the lucky beneficiary of this special offer.
2
One who benefits from the distribution, especially of an estate.
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.
3
One who benefits from the payout of an insurance policy.
📚 Source: en.wiktionary.org/wiki/beneficiaries
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