What Is a Contingent Annuitant?

A contingent annuitant is an individual who is entitled to receive payments from an annuity upon the death of the primary annuitant. The primary annuitant is the individual who originally purchased the annuity. Can a Contingent annuitant be changed? Yes, a contingent annuitant can be changed. However, the process and rules for doing so may … Read more

Abnormal Spoilage.

Abnormal spoilage is product that is spoiled or lost due to factors that are not within the company’s control. This can include product that is spoiled due to bad weather, power outages, or other unforeseen events. Abnormal spoilage is typically not included in the company’s inventory, as it is not something that the company can … Read more