Beneficiary
A contingent beneficiary is a beneficiary who will only be able to obtain the benefits in the event the original beneficiaries pass away or otherwise do not qualify under the
In the broadest legal terms, beneficiaries are natural persons or other legal entities who receive money or other benefits at the hand of a benefactor. For instance, the beneficiary of
A third party beneficiary is a party to an agreement who both parties agree should obtain benefits, but who is not one of the parties which entered into the agreement.
