beneficiary
Dictionary
noun
- One who benefits or receives an advantage.
"You are the lucky beneficiary of this special offer."
- One who benefits from the distribution, especially of an estate.
"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
- 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.
"beneficiary gifts"
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