What Does This Word Mean Contingent

You can find it in various terms like contingent listings contingent offers finance contingencies etc. Contingent No Kick Out.

What Does Contingent Mean In Home Sales Realty Times Real Estate Education Real Estate Contract Real Estate Tips

If it doesnt the contract is void and the seller can move on to another offer received while the sale was contingent.

What does this word mean contingent. Depending on something else that might or might not happen usually on or upon. A contingent beneficiary is basically your secondary beneficiary. The American contingent will stay overnight in London.

Learners definition of CONTINGENT. Contingent or pending status means that the homes owner has accepted an offer from a prospective buyer and that the offer comes with contingencies. A contingent is a group of people representing a country or organization at a meeting or other event.

One more common reason for Contingent is the buyer is waiting for loan approval. Nigeria provided a large contingent of troops to the West African Peacekeeping Force. A temporary military unit.

So what does contingent really mean. Here well discuss the meaning of contingency the difference between it and pending common contingencies and what you. CONTINGENT adjective The adjective CONTINGENT has 3 senses.

There are contingent offers contingent listings home sale contingencies appraisal contingencies financing contingencies and so on. Likely but not certain to happen. A gathering of persons representative of some larger group.

Each nation sent a contingent of athletes to the Olympics. What does contingent mean. In real estate contingent is a status indicating that the seller has accepted a buyers offer that includes contingencies or in laymans terms specific.

A group of people representing an organization or country or a part of a military force. The peacekeeping force includes one British contingent. Also when the seller must find a new house before the seller can complete the sale of his current house.

This happens when the buyer must sell their current house in order to purchase the new house. Our plans are contingent on the weather. Dependent upon the possible occurrence of a future event the existence of which is not assured.

If youre buying selling or just intrigued by real estate youve heard the word contingency. Contingent means subject to change. Here is all you need to know.

CONTINGENT used as a noun is rare. More examples - hide examples Example sentences - Hide examples. The word contingent is associated with the word beneficiary in the life insurance dynamic.

Possible but not certain to occur. In addition you can also optionally name a contingent beneficiary. Basically what the word contingent or a contingency means is that there is a condition that is written into the contract.

Entry 1 of 2 1. Our plans are contingent on the weather. A plan contingent on the weather.

Dependent on or conditioned by something else Payment is contingent on fulfillment of certain conditions. Owner Orange County Health Life Insurance Generally contingent in Life Insurance would refer to the beneficiary. For example a buyer may place an offer on a home but the offer is contingent on the buyer selling their current home first or contingent on obtaining.

COBUILD Advanced English Dictionary. With a contingent offer you have stated that there is a certain condition that must occur before the sale moves forward. A temporary military unit.

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. Contingent definition dependent for existence occurrence character etc on something not yet certain. The definition of contingent is something that depends on something else happening or something that is possible or by chance.

Not logically necessary especially. This is essentially the same as No Show. You always name a beneficiary who would receive the proceeds of the policy.

A contingency in a deal means theres something the buyer has to do for the process to go forward whether thats getting approved for a loan or selling a property they own explains. None of this means that you cant make an offer on a home listed as No Show or No Kick Out. A gathering of persons representative of some larger group.

Liable but not certain to occur. It can be baffling if you see a listing for a home you want but its listed as contingent. An example of contingent is the sale of one home going through after the buyers house is sold.

Conditional often followed by on or upon. A buyers offer has been accepted and even if a better offer comes in the seller cant take it unless the contingencies arent met and the deal is canceled.

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