Definition of «nominated beneficiary»

A "nominated beneficiary" is a person or entity chosen ahead of time to receive certain benefits or assets, such as money or property, in the event of someone's death or the completion of a certain event. They are selected as the intended recipient of those benefits.

Sentences with «nominated beneficiary»

If the rules of your fund allow it, you can nominate the beneficiary for your super with your fund. (ato.gov.au)
This means you can not nominate the beneficiaries of your superannuation through your will. (moneysmart.gov.au)
An income stream which has reverted to a nominated beneficiary, usually a spouse, on the death of the member. (ato.gov.au)
(see all sentences)