A contingent beneficiary is someone who benefits from a contingent contract; they profit from a promise, which may or may be fulfilled, to do or abstain from doing a certain thing. This matter itself is realized only on the happening of some future uncertain event.
In the context of an insurance policy, the condition is generally the death of the insurance contract holder; the party who benefits is referred to as the primary beneficiary.[1]
Referencesedit
^Morris, Virginia; Morris, Kenneth. Standard & Poor's dictionary of financial terms. Lightbulb Press, Inc., 2007, p. 41.
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contingent, beneficiary, contingent, beneficiary, someone, benefits, from, contingent, contract, they, profit, from, promise, which, fulfilled, abstain, from, doing, certain, thing, this, matter, itself, realized, only, happening, some, future, uncertain, even. A contingent beneficiary is someone who benefits from a contingent contract they profit from a promise which may or may be fulfilled to do or abstain from doing a certain thing This matter itself is realized only on the happening of some future uncertain event In the context of an insurance policy the condition is generally the death of the insurance contract holder the party who benefits is referred to as the primary beneficiary 1 References edit Morris Virginia Morris Kenneth Standard amp Poor s dictionary of financial terms Lightbulb Press Inc 2007 p 41 nbsp This finance related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Contingent beneficiary amp oldid 852054028, wikipedia, wiki, book, books, library,
