Meaning & use
beneficiary
A person or organization that receives money, property, or another benefit, especially from a will or policy.
See it in a sentence
She named her granddaughter as the sole beneficiary of her life insurance policy.
The charity was the main beneficiary of proceeds from the annual auction.
A note on using this word
Beneficiary is common in legal and financial contexts, such as wills, trusts, and insurance, rather than everyday giving.
Words with a similar meaning
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