Outrageously Funny Word Dictionary :: Beneficed

👉 "Beneficed" is a phrase used in the context of international aid and development. It refers to the act or practice of receiving financial assistance from another country, often in the form of grants or loans, in order to improve one's living conditions or support their economic development. This term originated in the 1970s, when the United Nations established a system of debt relief for countries that had defaulted on international aid. Beneficed individuals would receive financial assistance from donors and governments to help

beneficed