MLchartDataset catalogue

Contingent beneficiary

Term · Law · MLC-T-LAW-001260

An individual or entity designated to receive assets or benefits from a will, trust, or insurance policy if the primary beneficiary is unable or unwilling to accept them. Their claim is dependent upon the non-fulfillment of the primary beneficiary's claim. This designation provides a fallback option for asset distribution.

Table 1. Record
IdentifierMLC-T-LAW-001260
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001260",
  "term": "Contingent beneficiary",
  "field": "Law",
  "definition": "An individual or entity designated to receive assets or benefits from a will, trust, or insurance policy if the primary beneficiary is unable or unwilling to accept them. Their claim is dependent upon the non-fulfillment of the primary beneficiary's claim. This designation provides a fallback option for asset distribution.",
  "url": "https://mlchart.com/terminology/law/contingent-beneficiary/"
}

Record 1,105 of 5,441 in Law terminology (MLC-0107). Request the full dataset.