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Beneficiary: A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example, the beneficiary of a life insurance policy is the person who receives the payment of the amount of insurance after the death of the insured.
Beneficiary (trust): In trust law, a beneficiary or cestui que use, a.k.a. cestui que trust, is the person or persons who are entitled to the benefit of any trust arrangement.
Beneficiary rule: The beneficiary rule, commonly referred to as the "lucky dog" or "free pass", is a rule in some motor racing leagues allowing the closest lapped driver to the front of the field to gain back a lap when a caution is called. The driver is called to move to the end of the longest line of the cars at the end of that caution period.
Beneficiary principle: The beneficiary principle is a policy of English trusts law, and trusts in Commonwealth jurisdictions, that trusts which do not have charitable objects, as under the UK Charities Act 2006 sections 2 and 3, and also do not make the trust property available for the benefit of defined people , are void.
Beneficiary fund: A beneficiary fund is defined as a pension fund organisation in the Pension Funds Act No.24 of 1956 of South Africa, as amended in 2008. A beneficiary fund is a uniquely South African entity designed to accept and administer lump sum death benefits allocated in their discretion by retirement fund trustees to the minor dependants of deceased retirement fund members, as set out in section 37C of the Act.