Beneficiary

n. one who benefits from something

A beneficiary (also, in trust law, referred to as the cestui que use) in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. The beneficiary of a life insurance policy, for example, is the person who receives the payment of the amount of insurance after the death of the insured. The beneficiaries of a trust are the persons with equitable ownership of the trust assets, although legal title is held by the trustee. The term is also used in the context of a letter of credit for the party receiving the money related thereto. Beneficiaries in other contexts are known by other names: for example, the beneficiaries of a will are called devisees or legatees according to local custom.
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Noun
1. the recipient of funds or other benefits
(synonym) donee
(hypernym) recipient, receiver
(hyponym) devisee
(derivation) benefice
2. the semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause
(synonym) benefactive role
(hypernym) semantic role, participant role
Adjective
1. having or arising from a benefice; "a beneficiary baron"
(pertainym) benefice, ecclesiastical benefice

(n.)
One who receives anything as a gift; one who receives a benefit or advantage; esp. one who receives help or income from an educational fund or a trust estate.
  

(n.)
A feudatory or vassal; hence, one who holds a benefice and uses its proceeds.
  

(a.)
Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.
  

(a.)
Bestowed as a gratuity; as, beneficiary gifts.
  

Term used to refer to the person who receives the benefits of a trust or the recipient of the proceeds of a life insurance policy.