contingent policy

/kən'tɪndʒ(ə)nt 'pɒlɪsi/ noun
an insurance policy which pays out only if something happens (such as if a person named in the policy dies before the person due to benefit)

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • Contingent valuation — is a survey based economic technique for the valuation of non market resources, such as environmental preservation or the impact of contamination. While these resources do give people utility, certain aspects of them do not have a market price as …   Wikipedia

  • contingent beneficiary — see beneficiary a, b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contingent beneficiary n. Someone who w …   Law dictionary

  • contingent beneficiary — UK US noun [C] (plural contingent beneficiaries) (also secondary beneficiary) ► LAW, INSURANCE a person, organization, etc. who will receive the money from an insurance policy or a will if the first person named in the document cannot or does not …   Financial and business terms

  • Contingent coverage — is designed to apply when the party who is supposed to purchase the builder s risk policy fails to do so, or obtains the coverage but fails to maintain it. References Categories: Insurance terms …   Wikipedia

  • Contingent vote — A flow chart for Contingent vote …   Wikipedia

  • Contingent fee — A contingent fee (in the United States) or conditional fee (in England and Wales) is any fee for services provided where the fee is only payable if there is a favourable result. In the law is defined as [a] fee charged for a lawyer s services… …   Wikipedia

  • policy — The general principles by which a government is guided in its management of public affairs, or the legislature in its measures. A general term used to describe all contracts of insurance. See policy of insurance. This term, as applied to a law,… …   Black's law dictionary

  • Contingent beneficiary — A contingent beneficiary on a will or insurance contract is a person who receives the benefits only if predetermined conditions have been met. Until that time, the property interest is regarded as a contingent interest. In the context of an… …   Wikipedia

  • Contingent value rights — A Contingent Value Rights (CVR) is a type of option that can be issued by the buyer of a company to the sellers. It specifies an event, which, if triggered, lets the sellers acquire more shares in the target company. The New York Times claims[1]… …   Wikipedia

  • Contingent Beneficiary — 1. A beneficiary specified by an insurance contract holder who will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid. 2. A beneficiary who is only entitled to insurance proceeds if predetermined… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.