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What are beneficiaries?

What are beneficiaries? Here are some definitions.

Noun
  1. plural of beneficiary
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Examples
Forty one percent of the beneficiaries did not receive the full amount of money.
The authors conclude that among Medicare beneficiaries with unstable angina pectoris, more than one half have atypical presentations.
The three sons of Mr Lionel Smith, whose administratrix is the respondent, were the beneficiaries.
The willed third of the property cannot cover all the mentioned beneficiaries.
Less populated states would likely have been beneficiaries of this somewhat flawed mathematical adjustment.
Any failure on its part can be visited by an action by the investors as beneficiaries under a trust.

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