Contingency

Legal Definition and Related Resources of Contingency

Meaning of Contingency

An event which may or may not occur; that which is possible or probable; a fortuitous event; a chance. 82 111. App. 526. A contingency has the element of uncertainty and doubt, and is defined as an event which is possible but which may or may not occur, in the nature of a casualty, accident, or chance, and results from an agency the operation of which is uncertain; dependent upon a possibility and on causes which are undetermined or unknown. 231 111. 127.

Browse

You might be interested in these references tools:

Resource Description
Contingency in the Dictionary Contingency in our legal dictionaries
Browse the Legal Thesaurus Find synonyms and related words of Contingency
Legal Maxims Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law
Legal Answers (Q&A) A community-driven knowledge creation process, of enduring value to a broad audience
Related topics Contingency in the World Encyclopedia of Law

Notice

This definition of Contingency is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

Vocabularies (Semantic Web Information)

Resource Description
Topic Map A group of names, occurrences and associations
Topic Tree A topic display format, showing the hierarchy
Sitemap Index Sitemap Index, including Taxonomies
https://legaldictionary.lawin.org/contingency/ The URI of Contingency (more about URIs)

Synonyms of Contingency

noun

  • accident
  • befalling
  • casus
  • chance
  • circumstance
  • circumstantial event
  • coincidence
  • conditional event
  • contingence
  • contingent
  • contingent event
  • dependent event
  • doubtful event
  • fortune
  • hap
  • happening
  • inadvertence
  • incident
  • luck
  • occurrence
  • possibility
  • uncertain event
  • uncertainty
  • unforeseen occurrence
  • unintentional happening
  • Associated Concepts: contingency contract
  • double contingency
  • unavoidable contingency
  • unforeseen contingency
  • unusual or extraordinary contingencies foreign phrases: Casus fortuitus non est sperandus
  • et nemo tenetur devinare
  • A fortuitous event is not to be expected
  • and no one is bound to foresee it

Contingency Clauses in the Economic Activity

An introductory concept of Contingency Clauses may be: statements within a contract that make the level of payment or the work to be performed conditional upon various factors

Contingency Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Contingency in a way that is easy for anybody to understand: An event that might happen but that is not likely or planned.

Concept of Contingency in the context of Real Property

A short definition of Contingency: Commonly, the dependence upon a stated event which must occur before a contract is binding. For example: The sale of a house, contingent upon the buyer obtaining financing.

Concept of Contingency in the context of Real Property

A short definition of Contingency: Commonly, the dependence upon a stated event which must occur before a contract is binding. For example: The sale of a house, contingent upon the buyer obtaining financing.

Concept of Contingency

In relation to securing dangerous material (in case of crisis or terrorism) a meaning of contingency may be outlined, in general regarding European law, as follows: Future event or circumstance that is regarded as likely to occur, or as influencing present action usually causing problems or making further plans and arrangements necessary.[1]

Resources

Notes and References

  1. Definition of contingency published by the European Commission

Posted

in

, ,

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *