Beneficiary

01 a. Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and s…

1.
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.” — Bacon.
2.
Bestowed as a gratuity; as, beneficiary gifts.

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

pl. Beneficiaries

1.
A feudatory or vassal; hence, one who holds a benefice and uses its proceeds.
2.
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.
“The rich men will be offering sacrifice to their Deity whose beneficiaries they are.” — Jer. Taylor.