Contingent Beneficiary 1) An alternate beneficiary named in a will, trust, or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied.
Contingent Fee Agreement: When an injured person, or the family member of a deceased person, hires an attorney to represent them in a lawsuit, they both sign a contingent fee agreement.
Contingent Fee: An agreement which specifies that the attorney does not get paid unless the client wins the case. This type of arrangement is generally not allowed in divorce and custody cases.
CONTINGENT - What may or may not happen. It depends upon a doubtful event, such as a contingent debt, which is a debt depending upon some uncertain event. A contingent legacy is one which is not vested.
contingent claim A claim that may be owed by the debtor under certain circumstances, e.g., where the debtor is a cosigner on another person's loan and that person fails to pay.
CONTINGENT DEVISEE(s): One or more persons named in a will to take in place of a devisee, if that devisee does not survive the decedent by a specified period of time.
CONTINUANCE : Postponement of a proceeding.
contingent
adj. possible, but not certain.
contingent beneficiary
n.
Contingent
Definition - adj
1 : likely but not certain to happen
compare executory
2 : intended for use in circumstances not completely foreseen <a ~ fund> ...
Contingent Liability (Vicarious Liability) (business term)
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What is the example of the doctrine of vicarious liability? Read answer...
a. Contingent Claim - A claim for expenses not yet incurred that is dependent on some future event that may or may not happen.
b. Tardy Claim - A claim filed after the date for the final presentation of claims.
A contingent remainder is one which is limited to take effect on an event or condition, which may never happen or be performed, or which may not happen or be performed till after the determination of the preceding particular estate; ...
Accounts can be contingent on the terms of a trust which may alter or negate the common law obligation that they be produced on demand.
A method of payment of legal fees "contingent" on winning a lawsuit and represented by a percentage of the award.
This may also refer to contingent conditions, which come under two categories: condition precedent and condition subsequent. Conditions precedent are conditions that have to be complied with before performance of a contract.
(n) Speculative damages are the claims made by plaintiff for compensating the contingent loss which may occur in future as a consequences of the wrong doing by the defended.
CONTINGENCY FEE: Also called a contingent fee. A fee arrangement in which the lawyer is paid out of any damages that are awarded. Typically, the lawyer gets between one-fourth and one-third. If no damages are awarded, there is no fee.
Subject to: Governed by; subordinate to; provided that; contingent upon.
Subjection: The obligation of an individual to behave or act according to the will or judgment of another individual.
Casualties, which are a feature of land held in feu, are certain payments made to the superior, contingent on the happening of certain events.
Escrow
Delivery of a deed by a grantor to a third party for delivery to the grantee upon the happening of a contingent event.
A right which is secured and enforceable, one which is not contingent.
Visitation ...
A company is commonly assumed to be solvent if the value of the company's assets is more than its liabilities, taking account of contingent and future claims or that it will generate sufficient surplus revenue from its operations to make up the ...
If the wife is the guilty party in a divorce or the marriage is annulled, the right of the wife to dower is ended. The husband's lifetime use of his deceased wife's property, a right that is contingent on the birth of lawful issue, ...
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