beneficiary

Meanings

• noun

  A person or organization that receives benefits or profits from a specific transaction or event.

  - "The insurance company is the beneficiary of the policy."
  - "The charity organization is the beneficiary of the fundraiser."

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Pronunciation

1. 
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=75729878"

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Rhymes

Words rhyming with beneficiary
repartee , debility , felicity

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Variants

List of all variants of beneficiary that leads to same result
beneficiaries , beneficiary

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Etymology

origin and the way in which meanings have changed throughout history.

From Latin beneficium 'kind act, gift, grace, favor, kindness'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'beneficiary' comes from the Latin word 'beneficium', which means 'kind act' or 'grace'.

2. In the context of insurance, the beneficiary is the person or entity that receives the death benefit when the policyholder passes away.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. recipient: A person or organization that receives something, such as money, goods, or services.

2. heir: A person who is entitled by law or by the terms of a will to inherit the property of another.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Beneficiaries play a significant role in various contexts such as finance, insurance, law, and philanthropy. In finance, a beneficiary is a person or entity that receives the proceeds of an investment or insurance policy. In law, a beneficiary is a person or entity named in a will or trust to receive property or assets. In philanthropy, a beneficiary is an organization or individual that receives charitable donations or grants.

How to Memorize "beneficiary"

1. visualize
   

   - Imagine a person or organization receiving a check or a certificate as a beneficiary.
   - Visualize a scene where someone is named as the beneficiary in a will or a trust.

2. associate
   

   - Associate the word 'beneficiary' with 'receiving benefits' or 'receiving profits'.
   - Associate the word 'beneficiary' with 'heir' or 'recipient'.

3. mnemonics
   

   - BENEFICIARY: Brings Endless Necessities For Income, Care, and Insurance Yearly.
   - Beneficiary: Brings Every Favor In Charity's Inner Yield.

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