beneficiary: Meaning and Definition of
ben•e•fi•ci•ar•y
Pronunciation: (ben"u-fish'ē-er"ē, -fish'u-rē), [key] — pl. -ar•ies.
- a person or group that receives benefits, profits, or advantages.
- a person designated as the recipient of funds or other property under a will, trust, insurance policy, etc.
- the holder of a benefice.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.