beneficiary


beneficiary
beneficiary [ben΄ə fish′ē er΄ē, ben΄əfish′ər ē]
adj.
[L beneficiarius]
of or holding a benefice
n.
pl. beneficiaries
1. a holder of a benefice
2. anyone receiving benefit
3. a person named to receive the income or inheritance from a will, insurance policy, trust, etc.
4. Law a person for whose benefit a trust has been created

English World dictionary. . 2014.