Final Beneficiary

Business, Legal & Accounting Glossary

Definition: Final Beneficiary




What is the dictionary definition of Final Beneficiary?

Dictionary Definition


The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane’s death.


Cite Term


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Page URL
https://payrollheaven.com/define/final-beneficiary/
Modern Language Association (MLA):
Final Beneficiary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 23, 2021 https://payrollheaven.com/define/final-beneficiary/.
Chicago Manual of Style (CMS):
Final Beneficiary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/final-beneficiary/ (accessed: September 23, 2021).
American Psychological Association (APA):
Final Beneficiary. PayrollHeaven.com. Retrieved September 23, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/final-beneficiary/

Definition Sources


Definitions for Final Beneficiary are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 36 Views.