A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. The term is also used in the context of a letter of credit for the party receiving the money related thereto.
Example Usage of Beneficiary
mstoler: Do you rent an apartment in New York City? Are you subject to rent stablization? Is your building a Beneficiary of... http://bit.ly/6x8NAN
JaimeGarch: Jesus christ did erap just admit the Beneficiary of the jueteng money was the Muslim youth foundation????
