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.
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.
general, liens properly attach on liquidated demands and not on those which sound only in damages; though by an express contract they may attach even in such a case as where the goods are to be held as an indemnity against a future contingent claim ...
Law, 548; though by an express contract they may attach even in such a case as, where the goods are to be held as an indemnity against a future contingent claim or damages. Ibid. 2d.
 See also: Act, Agent, Charge, Principal, Pro rata
  
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