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What does beneficiary mean?

Looking for the meaning or definition of the word beneficiary? Here's what it means.

Noun
  1. One who benefits or receives an advantage.
  2. (law) One who benefits from the distribution, especially of an estate.
Adjective
  1. Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.
  2. Bestowed as a gratuity.
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