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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Beneficiary  

Definition 1.

Term used to refer to the person who receives the benefits of a trust or the recipient of the proceeds of a life insurance policy.
 

Definition 2.

A person or entity named in a will or financial contract as the inheritor of property when the property owner dies.
 

Definition 3.

An individual, institution, trustee, or estate which receives, or may become eligible to receive, benefits under a will, insurance policy, retirement plan, annuity, trust, or other contract.
 

Definition 4.

A person who receives a benefit, such as the income of a trust or proceeds from an insurance policy.
 
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