Business Terms and Jargon Explained

What is Contingent Beneficiaries

When making a Last Will and Testament, there is a situation where one or more of the beneficiaries die before you do. When this happens, you can change your will or you could have put a contingent beneficiary just in case. Example you put in your will that you want your mother to be the guardian of your children when you die or failing her, you would like your brother Trevor Sanders to be your children’s guardian.

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Financial Conglomerate Ingot Entities
Voluntary Liquidation Just in Time (JIT) Obiter dictum
Aggregate Supply Advantages of Revenue Non compus mentis
Blue Sky Thinking Trade discount Crypto-jacking
Descope NGO CRC32
Law Lord Golden Rule Secured creditor
Karat Pre-Finance Goods Take offline
Mortgage Term Krone Ultra vires
Self-Billing Accounts payable Office Of Export
N150 Civil Court form Net worth Lempira
Counterparty WTO Copycat packaging
NIDAC Gazundering Capital Adequacy
QC Phishing Quasi-corporations

Term created / updated 2013-06-24 10:00:10

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