2007-02-28 11:48:33 · 9 answers · asked by kim e 1 in Business & Finance ➔ Insurance
I think you might be looking for the meaning for a contingent beneficiary for life, ira, 401K's etc.
You name a primary or first beneficiary and you also name a contingent or second beneficiary. If you die and the primary beneficiary is not living then the money goes to the contingent beneficiary. Basically it's a backup beneficiary!!
2007-03-01 03:12:40 · answer #1 · answered by blb 5 · 0⤊ 0⤋
Depending on something else. Getting the job is contingent on passing the drug test. Purchasing the home is contingent on the buyer getting a loan.
2007-02-28 19:54:14 · answer #2 · answered by justwondering 6 · 0⤊ 0⤋
Contingent puts strings or conditions on something. I offer you $1000 for your Babe Ruth baseball card that I haven't seen yet, contingent on it being in mint condition. An employer offers you a job, contingent on you passing a drug test.
2007-02-28 19:53:20 · answer #3 · answered by Brian G 6 · 0⤊ 0⤋
It means the second condition relies on the validity of the first condition.
2007-02-28 19:54:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
dependent upon something like for example Me getting a new pair of shoes is contegent on if I have the money in my account. u get it??? hope it helps!!
2007-02-28 19:55:39 · answer #5 · answered by Diamond 1 · 0⤊ 0⤋
i think it means a group of peoplewith differant skills.they are selected to carry out the orders of a person or group of people .
2007-02-28 20:01:33 · answer #6 · answered by mister c 2 · 0⤊ 0⤋
depends
2007-02-28 19:53:25 · answer #7 · answered by cold_fearrrr 6 · 0⤊ 0⤋
depending on
2007-02-28 19:56:56 · answer #8 · answered by thankamy 3 · 0⤊ 0⤋
dependent upon...
2007-02-28 19:53:11 · answer #9 · answered by bert d 1 · 1⤊ 0⤋