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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 See also:Lat. beneficium, a benefit) , in 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. 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.

End of Article: BENEFICIARY (from Lat. beneficium, a benefit)

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BENEKE, FRIEDRICH EDUARD (1798-1854)

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