Contingency By Law Definition In Los Angeles
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Contingency operation means a military operation that: is designated by the Secretary of Defense as an operation in which members of the Armed Forces are or may become involved in military actions, operations, or hostilities against an enemy of the United States or against an opposing military force; or.
Contingency refers to an event that may or may not occur in the future. In other words, it depends on fulfillment of a condition, which is uncertain or incidental.
No contingency usually means that a sale is being made without any conditions or requirements that must be met before the sale can be completed. This typically means that the buyer is not including any contingencies in their offer, such as a financing contingency, an inspection contingency, or a home sale contingency.
When an event or situation is contingent, it means that it depends on some other event or fact. For example, sometimes buying a new house has to be contingent upon someone else buying your old house first. That way you don't end up owning two houses!
A contingency is a potential occurrence of a negative event in the future, such as an economic recession, natural disaster, fraudulent activity, terrorist attack, or a pandemic.
When an event or situation is contingent, it means that it depends on some other event or fact. For example, sometimes buying a new house has to be contingent upon someone else buying your old house first.
A contingent beneficiary is a person alternatively named to receive the benefits in a will or trust . It also refers to a person who benefits only upon the happening of a condition precedent that is implicitly or explicitly expressed in the benefit.
Contingency refers to an event that may or may not occur in the future. In other words, it depends on fulfillment of a condition, which is uncertain or incidental.
/kənˈtɪn.dʒənt/ contingent on/upon something. depending on something else in the future in order to happen: Outdoor activities are, as ever, contingent on the weather.
Contingent adj 1 : likely but not certain to happen compare executory. 2 : intended for use in circumstances not completely foreseen a fund 3 : dependent on or conditioned by something else a claim a legacy on the marriage compare vested.
