co-beneficiary


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Noun1.co-beneficiary - one of two or more beneficiaries of the same benefit
beneficiary, donee - the recipient of funds or other benefits
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
On the contrary, the US holds it in escrow as a fund used by the Egyptian military to purchase warplanes, tanks, weapons and spare parts exclusively from America's military-industrial complex that is a co-beneficiary of US aid to the most populated Arab nation.
Gagliardi's nephew and a co-beneficiary of the trust with her sisters and her mother, Isabelle Lyons, confirmed that Frank Gagliardi was not authorized to use the trust money to pay his debts.
However, if an IRA owner is ill-informed enough to choose a young beneficiary and a much older co-beneficiary, such as his own sibling or spouse, the lost tax deferral for the younger beneficiary can be significant.