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Home » Law Dictionary » C » CONTINGENT

CONTINGENT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Subject to something occurring or not occurring. 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.

Law Dictionary – Alternative Legal Definition

Possible, but not assured; doubtful or uncertain, conditioned upon the occurrence of some future event which is itself uncertain, or questionable. Verdier v. Roach, 96 Cal. 467, 31 Pac. 554. This term, when applied to a use, remainder, devise, bequest, or other legal right or interest implies that no present interest exists, and that whether such interest or right ever will exist depends upon a future uncertain event Jemison v. Blowers, 5 Barb.

Related Posts:

  • CONTINGENCY
  • VESTED
  • REMAINDER
  • CONTINGENT REMAINDER
  • BEQUEST
  • ALEATORY CONTRACT

Filed Under: C

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