beneficiary /; AmE / noun [C] (plural beneficiaries)

1

a person who gains an advantage as a result of sth:

Who will be the main beneficiary of the cuts in income tax?

2 (Law )

a person who receives money or property when sb dies:

She is the sole beneficiary under her father's will.

3 (Law )

the person that a trust keeps and looks after property or money for ⇨ TRUSTEE

4 (Finance )

a person or company that receives a payment of money:

the beneficiary of a cheque

In order to transfer the funds you will need to know the beneficiary account number and bank code.

• trail
• trailblazer
• trailer
• trailing spouse
• train
• trainee
• trainee solicitor
• training
• training manual
• training needs analysis
• tranche
• transact
• transaction
• transactional leadership
• transaction costs
• transaction processing
• transaction tax
• transcontainer
• transcontinental
• transcript
• transfer
• transferable
• transfer deed
• transferee
• transfer income