Beneficiary
person or other legal entity who receives money or other benefits from a benefactor From Wikipedia, the free encyclopedia
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A beneficiary is someone who gets money or other things from somebody else.[1] For example, in a life insurance policy the beneficiary gets the money after the insured person dies.[2] A beneficiary can also be the person chosen in someone's will.[3] The person or group who gives the money is called the benefactor.[4] In Trust law the beneficiary is the person who receives property from a trustee.[5]
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References
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