CONTINGENT BENEFICIARY
\kəntˈɪnd͡ʒənt bˌɛnɪfˈɪʃəɹi], \kəntˈɪndʒənt bˌɛnɪfˈɪʃəɹi], \k_ə_n_t_ˈɪ_n_dʒ_ə_n_t b_ˌɛ_n_ɪ_f_ˈɪ_ʃ_ə_ɹ_i]\
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An alternate beneficiary named in a will, trust or other document. Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.
By Oddity Software
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.