Beneficiary \Ben`e*fi"ci*a*ry\, a. [Cf. F. b['e]n['e]ficiaire, LL. beneficiarius.]

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.

Source: Webster's Revised Unabridged Dictionary (1913)
 

Beneficiary \Ben`e*fi"ci*a*ry\, n.; pl. Beneficiaries.

1. A feudatory or vassal; hence, one who holds a benefice and uses its proceeds. --Ayliffe.

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.

Source: Webster's Revised Unabridged Dictionary (1913)