ben·e·fi·ci·ar·y

[ben-uh-fish-ee-er-ee, -fish-uh-ree]
noun, plural ben·e·fi·ci·ar·ies.
1.
a person or group that receives benefits, profits, or advantages.
2.
a person designated as the recipient of funds or other property under a will, trust, insurance policy, etc.
3.
Ecclesiastical. the holder of a benefice.

Origin:
1605–15; < Latin beneficiārius, equivalent to benefici(um) benefice + -ārius -ary

pre·ben·e·fi·ci·ar·y, noun, plural pre·ben·e·fi·ci·ar·ies.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source Link To beneficiary
00:10
Beneficiary has a plethora of syllables.
So is pneumonoultramicroscopicsilicovolcanoconiosis. Does it mean:
a white, crystalline, water-insoluble solid, C14H9Cl5, usually derived from chloral by reaction with chlorobenzene in the presence of fuming sulfuric acid: used as an insecticide and as a scabicide and pediculicide: agricultural use prohibited in the U.S.
an obscure term ostensibly referring to a lung disease caused by silica dust, sometimes cited as one of the longest words in the English language.
Collins
World English Dictionary
beneficiary (ˌbɛnɪˈfɪʃərɪ) [Click for IPA pronunciation guide]
 
n , pl -ciaries
1.  a person who gains or benefits in some way from something
2.  law a person entitled to receive funds or other property under a trust, will, or insurance policy
3.  the holder of an ecclesiastical or other benefice
4.  (NZ) a person who receives government assistance: social security beneficiary
 
adj
5.  of or relating to a benefice or the holder of a benefice

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History

beneficiary
1610s (n.), 1620s (adj.), from L. beneficiarius "enjoying a favor, privileged," from beneficium (see benefice).
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary
beneficiary [(ben-uh-fish-ee-er-ee, ben-uh-fish-uh-ree)]

The recipient of funds, property, or other benefits from an insurance policy, will, trust, or other settlement.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
Nevertheless, he is a beneficiary of this development.
Most married couples have some kind of life insurance, usually on the life of
  the husband, with the wife named as beneficiary.
Under the current system, caps are set per beneficiary per state.
We made sure our beneficiary designations forms were filled out properly.
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