Beneficiary

Webster's Dictionary of the English Language

·adj Bestowed as a gratuity; as, beneficiary gifts.

II. Beneficiary ·noun A feudatory or vassal; hence, one who holds a benefice and uses its proceeds.

III. Beneficiary ·noun 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.

IV. Beneficiary ·adj Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.