Contingent Beneficiary 1) An alternate beneficiary named in a will, trust, or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied.
contingent beneficiary
n. a person or entity named to receive a gift under the terms of a will, trust or insurance policy, who will only receive that gift if a certain event occurs or a certain set of circumstances happen.
Contingent Beneficiary (business term)
Income Beneficiary (business term)
Commutation Right (insurance term)
Tertiary Beneficiary (insurance term)
reimbursement
Income and Principal Policy (insurance term)
Immediate Beneficiary (in banking) ...
 See also: Trust, Will, Beneficia, Beneficiary, Law
  
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