Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Contingent beneficiary
The person designated in a life-insurance policy to receive the proceeds if the primary beneficiary is unable to do so. - also termed secondary beneficiary. Creditor beneficiary. A third-party beneficiary who is owed a debt that is to be satisfied by performing the contract. Direct beneficiary. See intended beneficiary.
contingent beneficiary
See BENEFICIARY.