definition contingent
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Definition of 'contingent' 1. countable noun. 1  A contingent of police, soldiers, or military vehicles is a group of them. 2  A contingent is a group of people representing a country or organization at a meeting or other event. 3  If something is contingent on something else, the first thing depends on the second in order to happen or exist. [formal] In effect, growth is contingent on improved incomes for the mass of the low-income population. Synonyms: chance, random, casual, uncertain More Synonyms of contingent.
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- A contingent fee (in the United States) or conditional fee (in England and Wales) is any fee for services provided where the fee is payable only if there is a favourable result.In the law, it is defined as a fee charged for a lawyer's services only if the lawsuit is successful or is favorably settled out of court....Contingent fees are usually calculated as a percentage of the client's net recovery.. In the English legal system, it is generally referred to as no win no fee.A conditional fee agreement between a law firm and a client. The usual form of this agreement is that the solicitor will take a law case on the understanding that if lost, no payment is made. contingent fee (in the United States) or conditional fee (in England and Wales) is any fee for services provided where the fee is payable only if there is a favourable result. In the law, it is defined as a fee charged for a lawyer's services only if the lawsuit is successful or is favorably settled out of court....
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What does active contingent mean? It means there is an agreed to offer (contract) that is contingent based on either the buyer/seller selling/buying another property, or it can be that the property is a short sale and the buyer has not agreed to ALL the terms and the sellers are still showing and accepting offers.
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- How did Democritus discover the atom? Quick Answer. Because ancient Greek thinkers such as Democritus lacked sophisticated technology and tools such as the microscope, his theory of the atom was due more to thought experimentation than to hard empirical observation, as used in modern science.
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- contingent liability. An obligation that may result, but is not likely to result because the event causing the obligation is improbable. For example, the award from a lawsuit against a firm is a contingent liability of the defendant if there is little likelihood the plaintiff will recover the award.
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Contingent The last of the contingent clauses is known as “contingent with kick-out.” This is a common phrase to put into a contract. It means that if there is currently an offer on the property, but a better offer comes along, the seller has the option to accept the better offer. In other words, the better offer will “kick out” the current offer.
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contingent adjective. noun. The definition of contingent is something that depends on something else happening, or something that is possible or by chance. An example of contingent is the sale of one home going through after the buyer's house is sold; a contingent sale.A contingent is defined as a condition that needs to be met in order for something else to happen.n example of contingent is the sale of one home going through after the buyer's house is sold; a contingent sale. A contingent is defined as a condition that needs to be met in order for something else to happen.
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"What does ""contingent"" mean when looking at listings? I have seen a few houses with that statement and wonder if they are still available." It means an offer has been made and accepted. However the offer is contingent--that is, dependent--on some other factors. One common contingency is getting financing. The buyer is saying: I'm willing to buy your home for $x. However, this offer is contingent on my getting approved for financing to buy your house.
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What Do All Those Real Estate Listing Terms Really Mean? That doesn't mean that it's a done deal by any means, however (more on that next). Contingent A contingent status means that the seller has accepted an offer and the home is under contract. But the sale is subject to, or conditioned upon, certain criteria being met by the buyer and/or seller before the deal can close.
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What are contingent liabilities? 1. A contingent liability is an amount that may be due depending on future events. Because it cannot be determined whether the amount must be paid until events unfold, the company's likelihood of loss is scored as one of the following: 1  Probable. 2  The future event or events are likely to occur.3  Reasonably possible.. A contingent liability is an amount that may be due depending on future events. Because it cannot be determined whether the amount must be paid until events unfold, the company's likelihood of loss is scored as one of the following: 1  Probable. 2  The future event or events are likely to occur.
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contingent The victims were friends of his, as the Mexican and Russian contingent in the shop had grown close.
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Definition of contingent pay Contingent Liability. An obligation that is dependent on the occurrence or nonoccurrence of. one or more future events to confirm the existence of an obligation, the amount owed, the pay ee, or the date pay able.ontingent LiabilityAn obligation that is dependent on the occurrence or nonoccurrence of one or more future events to confirm the existence of an obligation, the amount owed, the payee, or the date payable.
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- dependent for existence, occurrence, character, etc., on something not yet certain; conditional (often followed by on or upon): Our plans are contingent on the weather. 2. liable to happen or not; uncertain; possible: They had to plan for contingent expenses.
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Distinction between a Contingent Contract and a Wagering Agreement Although wager is a contingent agreement, yet there are certain points of difference between the two: Contingent Contract. 1. A contingent contract has been defined as a contract to do or not to do something, if some event collateral to such contract does or does not happen. A contingent contract is wider in scope. 2. A contingent contract thus includes a wager. In other words a wagering agreement is a contingent agreement (contract).
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What does pending mean? What Is Contingent? When a property is marked as contingent, an offer has been accepted by the seller. Contingent deals are still active listings because they are liable to fall out of contract if requested provisions are not met. If all goes well, contingent deals will advance to a pending state.
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Costs in English law In the law, it is defined as a fee charged for a lawyer's services only if the lawsuit is successful or is favorably settled out of court.... Contingent fees are usually calculated as a percentage of the client's net recovery.. In the English legal system, it is generally referred to as a conditional fee agreement or, informally by the public and press, as no win no fee. The usual form of this agreement is that the solicitor will take a law case on the understanding that if lost, no payment is made.
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- CONTINGENT WORKERS. Photo by: Kurhan. As a category, contingent workers may include temporary employees, part-time employees, independent contract workers, employees of the temporary help industry (temps), consultants, seasonal employees, and interns.
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dependent dependent, pertaining to a condition of being reliant on someone or something else for help, support, favor, and other needs, as a child is dependent on a parent, a narcotics addict is dependent on a drug, or one variable is dependent on another. depend, v. Anatomy.
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- Contingent workers can be characterized as temporary employees — they are not full-time employees of a company and once their project is finished, they are gone. To label them mere temps, however, discounts the full scope, high-tech nature and complexity of today’s contingent or “on-demand” workforce.undamentally, a contingent worker is temporary and not deemed to be a full-time employee of the company, says Debra Bergevine, chief marketing officer at DCR Workforce, which underwrote the Ardent Partners report and provides businesses with contingent workforce management solutions.
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- incumbent. adj. 1. (often: postpositive and foll by on or upon and an infinitive) morally binding or necessary; obligatory: it is incumbent on me to attend.2. (usually: postpositive and foll by on) resting or lying (on). n.ncumbent-currently holding an office; the incumbent governor. current-occurring in or belonging to the present time; current events; the current topic; current negotiations; current psychoanalytic theories; the ship's current position.
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"What does ""contingent"" mean when looking at listings? I have seen a few houses with that statement and wonder if they are still available." Definition of Active Contingent. Active contingent is when a home seller has received an offer from a buyer, but the buyer needs to meet certain conditions before the sale can be finalized. These conditions may include a home inspection or getting approval on a mortgage loan.
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contingent Definition of contingent. 1  1 : likely but not certain to happen : possible. 2  2 : not logically necessary; especially : empirical. 3  3a : happening by chance or unforeseen causesb : subject to chance or unseen effects : unpredictablec : intended for use in circumstances not completely foreseen contingent funds.
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Contingent Fee Payment to an attorney for legal services that depends, or is contingent, upon there being some recovery or award in the case. The payment is then a percentage of the amount recovered—such as 25 percent if the matter is settled, or 30 percent if it proceeds to trial.ontingent-fee agreements are valid only in civil cases and are frequently used in personal injury cases. Court rules and statutes often regulate these fees in relation to the type of action and amount of recovery.
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"What does ""contingent"" mean when looking at listings? I have seen a few houses with that statement and wonder if they are still available." Contingent on the Triangle MLS means there is a contract on the home, but the home is still available to be shown. It may be shown to buyers who may wish to either make a Back Up Offer, or who may have interest and wish to be ready should the contract be terminated and again become an Active listing.
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- Definition of contingent in the AudioEnglish.org Dictionary. Meaning of contingent. What does contingent mean? Proper usage and audio pronunciation (and phonetic transcription) of the word contingent. Information about contingent in the AudioEnglish.org dictionary, synonyms and antonyms.
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What does pending mean? When a property is marked as contingent, an offer has been accepted by the seller. Contingent deals are still active listings because they are liable to fall out of contract if requested provisions are not met. If all goes well, contingent deals will advance to a pending state.