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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Consensus Verbatim Trade Creditors
Nominated court Elephant Hunt Free on board
Quid pro quo PRODCOM Account payee
Foreclosure BIOS Venture Capital
Goods Public Key Infrastructure - PKI N265 Civil Court form
Locked box Leave of the court Colon - El Salv
Price floor Charge UN
HM Customs and Excise Variance Next of kin
Trojan Bear hug County Court Judgement
e-company Authentication Public Good
T-account Double Deflation Testacy
ERNIE Indirect Costs Tax rebate
Residential property Financial Constraints COO

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

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