pertaining to management or a manager: managerial functions; the managerial class of society. Origin of managerial. 1760-1770.
Also found in: Dictionary, Thesaurus, Legal, Wikipedia. beneficence. the doing of active goodness, kindness, or charity, including all actions intended to benefit others. It is contrasted to benevolence, which refers to the character trait or moral virtue of being disposed to act for the benefit of others. In bioethics, the principle of beneficence refers to a moral obligation to act for the benefit of others. Not all acts of beneficence are obligatory, but a principle of beneficence asserts an obligation to help others further their interests.
A beneficiary is the person or entity you name (i.e., designate) to receive the death benefits of a life insurance policy. Some states require that your beneficiary have an insurable interest in your life or be related to you (at least at the time the contract is initiated), while others have no such restriction.