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BENEFICIARY (from See also: law, one who holds a See also: benefice; one who is beneficially entitled to, or interested in, See also: property, i.e. entitled to it for his own benefit, and not merely holding it for others, as does an executor or trustee
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In this latter sense it is nearly See also: equivalent to See also: cestui que See also: trust, a See also: term which it is gradually superseding in See also: modern law
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