contingent beneficiary
Definition
Person or other legal entity designated to receive a benefit in case the primary beneficiary is unable, unavailable, or unwilling to receive it. Also called secondary beneficiary.
contingent beneficiary is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law, General, Marine, & Life Insurance and Planning & Scheduling subjects.
contingent beneficiary appears in the definitions of the following terms: secondary beneficiary and contingent payee
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