A contingent beneficiary is entitled to insurance proceeds or retirement assets only if predetermined conditions are met at the time of the insured's death (as can be found in a will). (investopedia.com)
The contracts function like software programs that encapsulate business logic — rules about money transfers, equity stake transfers, and other types of binding obligations — based on predetermined conditions. (fortune.com)
These contracts fulfil sets of predetermined conditions based on coded rules embedded within the Blockchain making them the ideal tool for both the player and the service provider. (ventureburn.com)