beneficiary
Pronunciation:
/ˌbɛn.əˈfɪʃ.əɹ.i//bɛn.əˈfɪʃ.iˌɚ.i/noun
Definitions
One who benefits or receives an advantage.
Example: You are the lucky beneficiary of this special offer.
One who benefits from the distribution, especially of an estate.
Example: If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiary’s share to the surviving beneficiaries by right of representation.
One who benefits from the payout of an insurance policy.
adjective
Definitions
Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.
Bestowed as a gratuity.
Example: beneficiary gifts