What is meant by being contingent?
Table des matières
- What is meant by being contingent?
- What is contingent example?
- What does contingent mean legally?
- What does is contingent upon mean?
- What is difference between pending and contingent?
- Can you make an offer on a house that is contingent?
- What are three 3 benefits of contingency planning?
- How do you use contingent in a sentence?
- Can a seller accept another offer while contingent?
- Can you put an offer on a house that is contingent?
What is meant by being contingent?
1 : dependent on or conditioned by something else Payment is contingent on fulfillment of certain conditions. a plan contingent on the weather. 2 : likely but not certain to happen : possible.
What is contingent example?
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. adjective.
What does contingent mean legally?
Fortuitous; dependent upon the possible occurrence of a future event, the existence of which is not assured. The word contingent denotes that there is no present interest or right but only a conditional one which will become effective upon the happening of the designated condition.
What does is contingent upon mean?
Definitions of contingent upon. adjective. determined by conditions or circumstances that follow. synonyms: contingent, contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on conditional. imposing or depending on or containing a condition.
What is difference between pending and contingent?
A property listed as contingent means the seller has accepted an offer, but they've chosen to keep the listing active in case certain contingencies aren't met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfully met and the sale is being processed.
Can you make an offer on a house that is contingent?
Can You Still Make An Offer On A House That Is Contingent? To be clear, you can make an offer at any stage of the home buying process. Until the house is listed as “sold,” you are able to put an offer in on a contingent home.
What are three 3 benefits of contingency planning?
- Minimizes Loss of Production. When a business experiences a disruption, whether it is a power outage or a natural disaster, a contingency plan helps minimize the loss of production. ...
- Prevents Panic, Promotes Action. ...
- Comprehensive in Scope. ...
- Tips for Success.
How do you use contingent in a sentence?
Contingent in a Sentence 🔉
- The job offer was contingent upon the return of a clean background review.
- According to my supervisor, the job promotion is contingent upon my ability to pass the management exam.
- The cashier told me the free cheeseburger was contingent upon the purchase of a medium drink and fries.
Can a seller accept another offer while contingent?
Contingent – With No Kick-Out This means the seller cannot accept another buyer's offer unless certain requirements are not satisfied with the current accepted offer. This is good for the current buyer, because they can't be “kicked out” unless they don't meet their contingencies.
Can you put an offer on a house that is contingent?
To be clear, you can make an offer at any stage of the home buying process. Until the house is listed as “sold,” you are able to put an offer in on a contingent home. ... The process of making an offer on a contingent home is relatively the same as that of any other offer on an active listing.
