Meaning ofbeneficiaryin English

Noun

1. one who gains advantage; receives benefit
   The charity organization helped the beneficiary by providing financial support.
2. one who benefits from a trust or estate (law context)
   The trust document named her grandson as the beneficiary of her estate.
3. one who receives insurance payout
   After the accident, the insurance company paid out to the beneficiary of the policy.
4. one who receives from an estate distribution
   The will specified that the niece was the beneficiary of the deceased person's property.