what is the difference between pending and contingent
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Active Vs. Contingent Home Buying Statuses Once a purchase contract has been submitted by a buyer and signed by the seller, it is considered a binding contract. The next step is where the different MLS organizations vary. On a fair market sale, the word contingent means an offer has been accepted and the sale has entered the contingency period. In California, buyers and sellers of fair market properties have 17 days to clear all contingencies, including financing commitments, inspections and disclosures.
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Whatâs the Difference Between Contingent and Pending Listings? When a listing has changed status to “pending”, the seller has accepted an offer. This is an off-market status. Pending listings are much more common than contingent listings, since it just means the seller and buyer have agreed to the initial terms in the residential purchase agreement.
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What does active contingent mean? Active-contingent as a property status means that the property has a contract in place and is contingent on a term to be completed before it will close. The term can be approval from a third party, getting a mortgage, et cetera.n most cases it means there is a buyer who has a contract to purchase the house but it is contingent on something. The majority of contingincies are buyers selling a home to purchase the new property. Your agent can ask the listing agent what the contingincy is before viewing the property.
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contingent contingent adj. late 14c., from Old French contingent or directly from Latin contingentem (nominative contingens) happening, touching, present participle of contingere to touch (see contact). The noun is from 1540s, thing happening by chance; as a group forming part of a larger group from 1727.
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- A potential obligation that may be incurred depending on the outcome of a future event. A contingent liability is one where the outcome of an existing situation is uncertain, and this uncertainty will be resolved by a future event.A contingent liability is recorded in the books of accounts only if the contingency is probable and the amount of the liability can be estimated. Next Up. contingent liability is an amount that might have to be paid in the future, but there are still unresolved matters that make it only a possibility. Lawsuits and the threat of lawsuits are the ...
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Natasha Richardson dies at 45 John Horn. Natasha Richardson, the luminous British actress from one of the world's great acting families, whose performances ranged from the high-brow drama The Handmaid's Tale to the lightweight comedy The Parent Trap and the Tony-winning Broadway production of Cabaret, died Wednesday. She was 45.
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Difference Between Provision and Contingent Liability For a contingent liability to be recognized there should be a reasonable estimate of a probable future cash outflow based on a future event. For instance, if there is a pending lawsuit against the organization, a possible cash payment may have to be made in the future in case the organization loses the lawsuit.
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Contingent Labor Contingent Labor refers to a certain form of employment between employees and employers. In regular language, contingent labor can mean any type of work which is not secure or regular.
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contingent contingent. 1  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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Autism Social Security Benefits in the ssi program a child becomes an adult at age 18 and different medical and non medical rules are used to decide if an adult can get ssi disability payments for example the income and resources of family members do not count when deciding whether an adult meets the financial limits for ssi
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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. 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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contingent 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. 3. happening by chance or without known cause; fortuitous; accidental:
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what does pending mean Pending means the seller has accepted an offer from a buyer. Though keep an eye on it because it could fall out of escrow. If you are really interested in the property, have your agent call the listing agent if they are accepting backup offers on the property so that you'd be 1st in line in the event the property falls out of escrow or negotiations (during the contingency period)
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What Is a Contingent Job Offer? This process can take two to three weeks, which is why the contingent offer is normally made before the check is completed. If the employer uncovers criminal problems or other character problems that a person didn't disclose or that pose a problem, the offer may be pulled.
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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." Hi, mster, 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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- What does it mean when a home is Active Contingent on Redfin.com? Definition of Active Contingent When a home is listed as Active Contingent or Active with Contingencies, it means the seller has accepted an offer from a buyer and a Purchase and Sale Agreement exists, but that certain conditions (or contingencies) must be satisfied before the sale can be finalized.
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Ask an Agent: What Does âContingent w/No Kick-Outâ Mean? Answer: When the status on a property is listed as “Contingent w/no kick-out” it means that an offer has been presented to the seller with contingencies, and if those contingencies are not satisfied, then the seller may take another offer.
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What does active contingent mean? In this particular database, active contingent (a€â€ oectga œctgâ is what we are guessing you€“ mean.a., â) i e contingent means that the seller of the property has come, to an, agreement in writing with a potential buyer for the purchase. of the homen most cases it means there is a buyer who has a contract to purchase the house but it is contingent on something. The majority of contingincies are buyers selling a home to purchase the new property. Your agent can ask the listing agent what the contingincy is before viewing the property.
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contingent late 14c., from Old French contingent or directly from Latin contingentem (nominative contingens) happening, touching, present participle of contingere to touch (see contact). The noun is from 1540s, thing happening by chance; as a group forming part of a larger group from 1727.
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In real estate, contingent means? Best Answer: Although 'contingent can mean something needs to happen or take place for this sale to go through (selling a home, obtaining financing, confirming information, the moon turning blue), in real estate, the status of contingent often refers to a buyer made an acceptable offer on the home, but needs to sell their current home first.
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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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"What does ""pending"" mean in real estate?" Definition of Pending. A home that is set to close and all contingencies have been waived. This is when the lender, the escrow agent or attorney will process the loan and title documents to make sure the deal will close on time. Sometimes, the sellers may still accept backup offers on pending listings, but it's best to contact to your agent to find out if it's possible to submit this type of offer.
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The Real Difference Between Contingent Workers and Permanent Employees You need to listen to both your permanent employees and your contingent workers in order to keep the workplace operating efficiently. Here’s how to find the right harmonious balance. Contingent vs. Permanent Employees
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contingent liability Contingent Liability. A liability that a company may have to pay, but only if a certain future event occurs. Usually, a contingent liability refers to the outcome of a lawsuit: that is, the company may have to pay a significant amount of money if it loses the lawsuit.ontingent liability. An obligation that may result, but is not likely to result because the event causing the obligation is improbable.
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- A stronger version of the contingent offer is a ‘Pending Sale’ Contingent Offer, which simply means, the buyer still has the house to sell as part of the package, but the buyer’s home is not still sitting on the market – it is pending sale.
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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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"what is the difference between ""pending"" and ""Option Pending""?" Pending means they are out of the Option Period to back out of the Contract due to repairs. It means if there where any problems the seller and the buyer have work thru them and Pending is the last stage before they close. I hope this helps.