Contingent Beneficiary

Business, Legal & Accounting Glossary

Definition: Contingent Beneficiary

What is the dictionary definition of Contingent Beneficiary?

Dictionary Definition

n. a person or entity named to receive a gift under the terms of a will, trust or insurance policy, who will only receive that gift if a certain event occurs or a certain set of circumstances happen. Examples: surviving another beneficiary, still being married to the same spouse, having completed college, or being certified as having shaken his/her drug habit.

  1. An alternate beneficiary named in a will, trust or other document.
  2. Any person entitled to property under a will if one or more prior conditions are satisfied.

For example, if Fred is entitled to take property under a will only if he’s married at the time of the will maker’s death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Contingent Beneficiary. Payroll & Accounting Heaven Ltd. September 23, 2021
Chicago Manual of Style (CMS):
Contingent Beneficiary. Payroll & Accounting Heaven Ltd. (accessed: September 23, 2021).
American Psychological Association (APA):
Contingent Beneficiary. Retrieved September 23, 2021, from website:

Definition Sources

Definitions for Contingent Beneficiary are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.