A remainder is said to be “in a contingency with double aspect,” when there is another remainder limited on the same estate, not in derogation of the first, but as […]

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. […]

An item that grows according to events not in the firm’s control. It is not on the balance sheet but is in financial statements.

The right given to a party if a specific event happens. This is not a vested position of pwer and cannot be attached to legal action or any gift tax.

A party that gets a benefit if the primary beneficiary cannot. AKA secondary beneficiary .

When a supplier goes out of business this covers the losses that are the result.

Funds used when a contract lists a specific event occurs or a line is crossed. A second party takes the payment to get a loan extended or debt payed. The […]

One which has not accrued and which is dependent on the happening of some future event. Ilospes v. Car Co., 48 Minn. 174, 50 N. W. 1117, 15 L. R. […]

Charging commission based on profit from reinsurance . The ceding company gets this plus the normal commission.

A payment a buyer pays if an event on the contract happens in a period of time.

The RISK of loss arising from a potential CREDIT RISK exposure that may appear in the future, such as drawdown on a REVOLVING CREDIT FACILITY or payment under a GUARANTEE […]

Where a demurrer has been filed to one or more counts in a declaration , and its consideration is postponed, and meanwhile other counts in the same declaration, not demurred […]

A class of DEBT financing that becomes effective once a defined TRIGGER has been breached; the class includes COMMITTED CAPITAL FACILITIES, CONTINGENT SURPLUS NOTES , CONTINGENCY LOANS, and FINANCIALGUARANTEES. See […]

A fee on a mutual fund for cashing it out before its mature. When the shares are not there on the maturity date the fees are highest.

A class of EQUITY financing that becomes effective once a defined TRIGGER has been breached; the class includes LOSS EQUITY PUTS and PUT PROTECTED EQUITY . See also CONTINGENT CAPITAL […]

An estate which depends for its effect upon an event which may or may not happen; as an estate limited to a person not in esse, or not yet born. […]

The way to pay an agent. It is done when they have finished their jobs or a law suit is won. It is used in statutor charges and expenses in […]

a term given to the fees paid to an attorney where the client pays a sum that depends on how much he is awarded.

A rule in property contracts stating the buyer has to get financing on reasonable terms and period of time. They can bak out without penalty.

a fund that is set up by a political body or a city that will pay all necessary expenses that could occur during the year.

An increase of profit that is unexpected due to a legal action or real estate sale.

A promise to pay if the terms of a contract are met in the future. Its used to prevent loss when working with a party that may default.

A certain advantage that only occurs when an event happens that is written in a contract.

It may be defined as a future interest not transmissible to the representatives of the party entitled thereto. in case he dies before it vests in possession. Thus, if a […]

A liability that depends on an event to happen to be come a liablity. Each is different amd funds set aside funds to handle the loss.