It has to do with someones benefits for beneficiaries for life insurance, 401k, etc. Primary would be the person who is your first choice to receive the benefit's. Contingent would be the person who...
Contingent Contract is a Contract which has to do or not to do something. for example Krishna Contracts with Ram that he will give 1 crore rupees if rains fall on 31st december... held it is based on...