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.
Search Jargon and Terms Database
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Term created / updated 2013-06-24 10:00:10
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.