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beneficiary

noun [C]
 
 
/ˌben.ɪˈfɪʃ.ər.i/ US  /-i.er.i/

Definition

a person or group who receives money, advantages, etc. as a result of something else: Her husband was the chief beneficiary of her will.Inheriting and bequeathing
(Definition of beneficiary noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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