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A guarantee obligation is an example of a contingent obligation. Under the terms of the guarantee, the guarantor assumes liability for all guaranteed obligations, but its liability to make payments is conditional.
Contingent means that an event may or may not occur in the future, depending on the fulfillment of some condition that is uncertain. This term is often used in contracts where the event will not take effect until the specified condition occurs.
The contingency rules theory of persuasion, as alternative to the traditional laws model, assumes that: (1) persuasive behaviors, including compliance-gaining and responding ac- tivities, are governed antecedently by five varieties of self-evaluative and adaptive behavioral contingency rules; and (2) the context where ...
Adjective. 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. liable to happen or not; uncertain; possible: They had to plan for contingent expenses.
A contingency planning policy, in the context of computer science, refers to a policy developed at the agency level to ensure the continuity of operations. It defines the objectives, responsibilities, and expectations for system owners and others involved in the contingency planning process.
A contingency is a potentially negative future event or circumstance, such as a global pandemic, natural disaster, or terrorist attack. By designing plans that take contingencies into account, companies, governments, and individuals are able to limit the damage done by such events.
A contingency clause in a real estate contract is a condition that must be met for the contract to become legally binding. Essentially, it provides a way for the buyer or seller to exit the agreement without penalty if certain conditions are not fulfilled within a specified timeframe.
A contingency is a potentially negative event that may occur in the future, such as an economic recession, natural disaster, or fraudulent activity. Companies and investors plan for various contingencies through analysis and implementing protective measures.
Matt is both 40 years old and not 40 years old. That statement is a contingent statement. It doesn't have to be true (as tautologies do) or false (as contradictions do). Instead, its truth depends on the way the world is.