contingent


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Contingent

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.

contingent

adj. possible, but not certain. (See: contingent beneficiary, contingent interest, contingent fee)

contingent

adjective 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.

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Certified Contingent Workforce Professional Program Designed for Contingent Workforce Program Managers
De Mistura thanked the Italian contingent for its sacrifices and efforts to ensure security and stability in the area.
However, the preamble suggests that the wait--and--see method is not permissible for contingent nonperiodic payments on NPCs in effect after March 27, 2004, unless a taxpayer had already adopted that method for such items.
Where policy sublimits of $500,000 to $5 million for unidentified contingent business-interruption exposures were commonplace in the past, these limits quickly soared to $25 million, then $50 million, or the coverage was even provided up to the policy limit, dropping the sublimit altogether.
GB Chief Minister Hafeezur Rahman had promised to regularise the contingent employees, adjusting them on the vacant posts after conducting their test and interview, but recently the government announced fresh appointments on vacant posts.
The next or 20th Philippine contingent to Haiti is also composed of 135 personnel, but this time from the Philippine Army.
This year's contingent demonstrated once again that Canada has a first-class, modern military that is well trained, and ready to take on any challenge.
The ceremony was attended by head of the Korean contingent Col.
said it stopped accepting contingent commissions as of Jan.
The argument runs like this: Contingent fees encourage excessive and frivolous litigation and create conflicts of interest between client and attorney; thus, they should be capped or limited, like noneconomic damages.
THIS VOLUME offers a wealth of information and analysis on contingent employment and provides an invaluable resource to scholars, students, and policy-makers interested in this expanding segment of the labour market.
Contingent workers are persons who do not expect their jobs to last or who report that their jobs are temporary.

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