Beneficiary
WordNet
adjective
(1) Having or arising from a benefice
"A beneficiary baron"
noun
(2) The semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause
(3) The recipient of funds or other benefits
WiktionaryText
Noun
- One who benefits from the distribution, especially of an estate.
- If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiary’s share to the surviving beneficiaries by right of representation.