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
machine language
- a programming language designed for use on specific class of computers a set of instructions coded so that the computer can use it directly without further translation Programmed language directly understood and executed by a machine, typically computer. Requires no conversion or translation. English-like languages, known also as high level are industry-renown: Basic, C, Java, the like. These coded programs, then converted into machine language, low an assembler, compiler, interpreter. It is different for each type of CPU, often having unique operation sets. in native binary comprised only two characters: 0 1. difficult to read, less likely humans.
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