Beneficiary Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Beneficiary, written in plain English, along with examples of how it is used.

What is Beneficiary?

(n) Beneficiary is the person named or otherwise identified in a document to receive the benefit from a property, trust, business, agreement etc on the occurrence or non occurrence of the events contained in that document. In third party beneficiary the beneficiary is not named in the document.