party as a back up to a beneficiary. They are going to get any inheritance. Insurance makes use of it too. It's more widespread in real estate or personal property.
someone who is termed in a will whenever the person who could be the known as beneficiary refuses or disclaims the inheritance. Also used in an insurance plan as a secondary or contingent beneficiary who will get the insurance coverage proceeds in the event that primary beneficiary features died. More common in the area of real or private home.