beneficiary

noun

1. One who benefits or receives an advantage.

   “You are the lucky beneficiary of this special offer.”

   “The most obvious beneficiary of the visitors' superiority was Frank Lampard. By the end of the night he was perched 13th in the list of England's most prolific goalscorers, having leapfrogged Sir Geoff Hurst to score his 24th and 25th international goals. No other player has managed more than the Chelsea midfielder's 11 in World Cup qualification ties, with this a display to roll back the years.”

   “LSC provides grants to nonprofits nationwide that in turn provide civil legal aid to those who otherwise can't afford it. The beneficiaries of LSC funding include homeless veterans, low-income workers and victims of domestic abuse.”

2. One who benefits from the distribution, especially out of a trust or 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.”

   “In a second step, the rights to the asset are divided between the trustee, who holds formal title, and the beneficiary, who receives the (future) economic interest.”

3. One who benefits from the payout of an insurance policy.

adj

1. (not-comparable)Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.

   “a feudatory or beneficiary king of England”

2. (not-comparable)Bestowed as a gratuity.

   “beneficiary gifts”