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Fortuitous; dependent upon the possible occurrence of a future event, the existence of which is not assured.
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. A contingent remainder is the right to possess property after the death of a person who holds a life estate in the land provided a specified condition is fulfilled. An owner of land who grants a life estate to a son, with a remainder to a daughter if she marries, has created a contingent remainder, the contingency being the daughter's marriage.
contingentadjective attributed to, coincidental, conditioned, consequential, dependent, dependent on, deeendent on circumstances, depending, due to, in a state of uncertainty, incident to, possible, provisional, resulting from, subject to, subject to terms, subsidiary
Associated concepts: contingent basis, contingent claim, contingent contract, contingent debt, contingent demand, contingent estate, contingent event, contingent exxectancy, contingent fee, contingent fund, contingent gift, contingent interest, contingent legacy, contingent liability, contingent life estate, contingent obligation, contingent reeainder, contingent right, contingent use, contingent will
See also: circumstantial, conditional, contingency, correlative, dependent, dubious, executory, extrinsic, incident, provisional, questionable, quota, reciprocal, related, restrictive, subject, tentative, uncertain
CONTINGENT. What may or may not happen;. what depends upon a doubtful event; as, a contingent debt, which is a debt depending upon some uncertain event. 9 Ves. It. 110; Co. Bankr. Laws, 245; 7 Ves. It. 301; 1 Ves. & Bea. 176; 8 Ves. R. 334; 1 Rose, R. 523; 3 T. R. 539; 4 T. R. 570. A contingent legacy is one which is not vested. Will. on Executors, h.t. See Contingent Remainder; Contingent Use.