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Meaning of beneficiary

ben•e•fi•ci•ar•y

Pronunciation: (ben"u-fish'ē-er"ē, -fish'u-rē), [key]
— pl. -ar•ies.
  1. a person or group that receives benefits, profits, or advantages.
  2. a person designated as the recipient of funds or other property under a will, trust, insurance policy, etc.
  3. the holder of a benefice.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also:
beneficial beneficiate