estates. A use limited in a deed or conveyance of land which may or may not happen to vest, according to the contingency expressed in the limitation of such use. A contingent use is such as by possibility may happen in possession, reversion or remainder. … [Read more...]
CONTINGENCY PAYMENT
A payment that occurs upon something or a condition occurring. … [Read more...]
CONTINGENT WILL
A will that will go into effect pending certain conditions being satisfied. … [Read more...]
CONTINGENCY PLAN
An alternate plan in case the primary and expected course of events does not take place. … [Read more...]
CONTINTGENT LIABILITY
A liability that will accrue depending upon something occurring or not occurring. … [Read more...]