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BENEFICIARY (from Lat. beneficium, a ...

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Originally appearing in Volume V03, Page 726 of the 1911 Encyclopedia Britannica.
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BENEFICIARY (from Lat. beneficium, a benefit), in law, one who holds a benefice; one who is beneficially entitled to, or interested in, property, i.e. entitled to it for his own benefit, and not merely holding it for others, as does an executor or trustee. In this latter sense it is nearly equivalent to cestui que trust, a term which it is gradually superseding in modern law.
End of Article: BENEFICIARY (from Lat. beneficium, a benefit)
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FRIEDRICH EDUARD BENEKE (1798-1854)

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