beneficiary

(redirected from recipient)
Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia.

Beneficiary

An organization or a person for whom a trust is created and who thereby receives the benefits of the trust. One who inherits under a will. A person entitled to a beneficial interest or a right to profits, benefit, or advantage from a contract.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

beneficiary

n. a broad definition for any person or entity (like a charity) who is to receive assets or profits from an estate, a trust, an insurance policy or any instrument in which there is distribution. There is also an "incidental beneficiary" or a "third party beneficiary" who gets a benefit although not specifically named, such as someone who will make a profit if a piece of property is distributed to another. (See: incidental beneficiary)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

beneficiary

a person who has or is entitled to a beneficial interest in property. The term is most frequently encountered in relation to gifts by will or entitlements under a trust. In English law, a beneficiary is sometimes called a cestui que trust. Beneficial interest is a right of enjoyment of property, as opposed to merely nominal ownership. For example, if property is held in trust, the trustees have the nominal ownership (or legal interest) in the trust property that they hold for the benefit of others. The entitlement of those others is called the beneficial (or equitable) interest.
Collins Dictionary of Law © W.J. Stewart, 2006

BENEFICIARY. This term is frequently used as synonymous with the technical phrase cestui que trust. (q. v.)

HEIR, BENEFICIARY. A term used in the civil law. Beneficiary heirs are those who have accepted the succession under the benefit of an inventory regularly made. Civ. Code of Lo. art. 879. If the heir apprehend that the succession will be burdened with debts beyond its value, he accepts with benefit of inventory, and in that case he is responsible only for the value of the succession. See inventory, benefit of.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The new campaign aims to highlight the heroism of the recipients and to instill patriotism and nationalism to the young generation, said Armed Forces of the Philippines public affairs chief Col.
ICT scholarship recipients at the University of North Texas, in classes taught by Professor Dale Sharpe-Jenkins and Dr.
The new recipient limit, however, doesn't change anything for regular WhatsApp users.
Table 3 UAB Kidney Chain Donor Recipient Donor # and Home State Recipient # and Home State #1.
3504 to perform certain acts normally required of employers to withhold Federal Unemployment Tax Act (FUTA) taxes owed by home care service recipients (T.D.
Kidney recipient. This recipient is a U.S.-born adolescent, aged 14 years, with end-stage renal disease as a result of a single dysplastic kidney; he had never traveled outside the United States.
Univariate analyses demonstrated recipient age (> 50 years versus [less than or equal to] 50 years), recipient race (AA versus others and Hispanic versus others), recipient male gender, recipient BMI (> 30kg/[m.sup.2] versus [less than or equal to] 25kg/[m.sup.2]), donor age ([greater than or equal to] 60 years versus < 60 years), etiology of liver disease (HCV versus others and ALD versus others), and treated ACR episodes as significant risk factors for NODAT in the DDLT cohort.
The court acknowledged the tragic circumstances which led to the suit, and extended its sympathy for everyone involved, including the donor and his parents, the medical providers, the NYODN staff, the recipient, her mother and family.
Using data from the Scientific Registry of Transplant Recipients (SRTR), Dr.
The recipient of this award exhibits outstanding participation in the WNA, including (but not limited to) service through elected office and committee involvement.
The two recipients were selected for their outstanding academic achievements and were referred to CAGNY through collaboration with the ACE Mentor Program.