Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.
Bestowed as a gratuity.
One who benefits or receives an advantage.
One who benefits from the distribution, especially out of a trust or estate.
One who benefits from the payout of an insurance policy.
A swaption which gives its holder the option to enter into a swap in which they pay the fixed leg and receive the floating leg.
One who pays; specifically, the person by whom a bill or note has been, or should be, paid.