What is meant by contingencies?

What is meant by contingencies?

1 : a contingent event or condition: such as. a : an event (such as an emergency) that may but is not certain to occur trying to provide for every contingency. b : something liable to happen as an adjunct to or result of something else the contingencies of war.

What is contingency in real estate terms?

A contingency clause defines a condition or action that must be met for a real estate contract to become binding. A contingency becomes part of a binding sales contract when both parties, the buyer and the seller, agree to the terms and sign the contract.

Does contingency mean group?

As a noun, contingent means either “a group of soldiers that joins a larger force,” like a contingent of British troops sent to assist American soldiers, or “a group of people with something in common,” like the contingent of folks dressed as Batman at Comic-Con.

What is an example of a contingent fact?

A contingent truth is a true proposition that could have been false; a contingent falsehood is a false proposition that could have been true. An example of a contingent proposition is the proposition that human beings have evolved from other forms of life.

Which of the following is the best definition of a contingency?

noun, plural con·tin·gen·cies. dependence on chance or on the fulfillment of a condition; uncertainty; fortuitousness: Nothing was left to contingency. a contingent event; a chance, accident, or possibility conditional on something uncertain: He was prepared for every contingency. something incidental to a thing.

Can you buy a house that is contingent?

In most cases, putting an offer in on a contingent home is an option to consider. Although it doesn’t guarantee you’ll close on the home, it does mean you could be first in line should the current contract fall through. Putting an offer in on a contingent home is similar to the homebuying process of any active listing.

What is an example of a contingency when buying a home?

Real estate contingencies in a home purchase contract are “walk-away” clauses that let you back out of the deal and get your earnest money back if certain conditions aren’t met. Think of a contingency as an “if-then” proposition. For example: “If I’m able to sell my current home, then I’ll buy yours.”

What is contingent formula?

From Wikipedia, the free encyclopedia. In philosophy and logic, contingency is the status of propositions that are neither true under every possible valuation (i.e. tautologies) nor false under every possible valuation (i.e. contradictions). A contingent proposition is neither necessarily true nor necessarily false.

Does the US have a contingency plan?

In the United States, all HAZMAT operations require contingency plans. The United States Environmental Protection Agency, through RCRA and EPCRA, has defined specific formats for Local Emergency Planning and the National Contingency Plan.