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If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiary’s share to the surviving beneficiaries by right of representation.
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beneficiary — ben·e·fi·cia·ry /ˌbe nə fi shē ˌer ē, fi shə rē/ n pl ries: a person or entity (as a charity or estate) that receives a benefit from something: as a: the person or entity named or otherwise entitled to receive the principal or income or both from … Law dictionary
Beneficiary — Ben e*fi ci*a*ry, a. [Cf. F. b[ e]n[ e]ficiaire, LL. beneficiarius.] 1. Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession. [1913 Webster] … The Collaborative International Dictionary of English
beneficiary — The person who is in receipt, or will be in receipt, of some asset, thing, or thing of value. For example, a person can make a will naming someone, usually their spouse, as beneficiary of their estate. (Dictionary of Canadian Bankruptcy Terms)… … Glossary of Bankruptcy
Beneficiary — Ben e*fi ci*a*ry, n.; pl. {Beneficiaries}. 1. A feudatory or vassal; hence, one who holds a benefice and uses its proceeds. Ayliffe. [1913 Webster] 2. One who receives anything as a gift; one who receives a benefit or advantage; esp. one who… … The Collaborative International Dictionary of English
beneficiary — 1610s (n.), 1620s (adj.), probably via Fr. bénéficiaire, from L. beneficiarius enjoying a favor, privileged, from beneficium (see BENEFICE (Cf. benefice)) … Etymology dictionary
beneficiary — [n] person who gains, benefits almsperson, assignee, devisee, donee, grantee, heir, heiress, inheritor, legatee, payee, possessor, receiver, recipient, stipendiary, successor; concepts 355,423 Ant. giver, payer … New thesaurus
beneficiary — ► NOUN (pl. beneficiaries) ▪ a person who benefits from something, especially a trust or will … English terms dictionary
beneficiary — [ben΄ə fish′ē er΄ē, ben΄əfish′ər ē] adj. [L beneficiarius] of or holding a benefice n. pl. beneficiaries 1. a holder of a benefice 2. anyone receiving benefit 3. a person named to receive the income or inheritance from a will, insurance policy,… … English World dictionary
beneficiary — /benafish(iy)ary/ One who benefits from act of another. A party who will benefit from a transfer of property or other arrangement. Examples include the beneficiary of a trust, the beneficiary of a life insurance policy, and the beneficiary of an… … Black's law dictionary
beneficiary — /benafish(iy)ary/ One who benefits from act of another. A party who will benefit from a transfer of property or other arrangement. Examples include the beneficiary of a trust, the beneficiary of a life insurance policy, and the beneficiary of an… … Black's law dictionary
beneficiary — Term used to refer to the person who receives the benefits of a trust or the recipient of the proceeds of a life insurance policy. Bloomberg Financial Dictionary * * * beneficiary ben‧e‧fi‧cia‧ry [ˌbenˈfɪʆəri ǁ ˈfɪʆieri] noun beneficiaries… … Financial and business terms
