What does the word beneficiary mean?

Usage examples for beneficiary

  1. He told his story of the clothes- line ghost, and Garfield matched it with the story of an umbrella ghost who sheltered a friend of his through a midnight storm, but was not cheerful company to his beneficiary, who passed his hand through him at one point in the effort to take his arm. – The White Mr. Longfellow From "Literary Friends And Acquaintances" by William Dean Howells
  2. There is no beneficiary other than the client himself. – The Risk Profession by Donald Edwin Westlake