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.
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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)
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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
- Definition of contingency published by the European Commission
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