WebMar 14, 2024 · What Does Contingent Mean? A contingent property is one where an offer has been accepted and the home is under contract, but before the home can be sold, certain conditions must be met. These … WebJan 30, 2024 · A contingent beneficiary is a beneficiary of proceeds or a payout if the primary beneficiary is deceased, unable to be located, or refuses the inheritance when proceeds are to be paid. A...
Contingent Vs. Pending: What’s The Difference? - Rocket Mortgage
WebNov 1, 2024 · The basic definition of the word “contingent” means that something is dependent on certain circumstances. In real estate terms, if a home is listed as contingent, it means a potential home buyer has made an offer that has been accepted, but additional criteria (contingencies) need to be met on the property before closing. WebNov 7, 2024 · Contingent is a specific status that means a home is under contract, and finalizing the sale depends on completing specific actions. These actions can make or break the deal and are called contingencies. Before a house can have a contingent listing status, the homeowner must accept the prospective buyer’s offer, which will list the buyer’s ... issue a warrant in spanish
Contingent Definition & Meaning Dictionary.com
WebThe purpose is to compensate for the uncertainty inherent in cost and time estimates, as well as unpredictable risk exposure . A contingency is something that may or may not occur but that must be dealt with if it does. The word contingency implies that the potential of an event is foreseeable. Webnoun [ C, + sing/pl verb ] uk / kənˈtɪn.dʒ ə nt / us / kənˈtɪn.dʒ ə nt /. a group of people representing an organization or country, or a part of a military force: The French … WebMar 31, 2024 · Contingent: With Or Without A Kick-Out Clause. If the contingent status has a kick-out clause, it means there’s a deadline to fulfill all contingencies. Without a … issue based youth work