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LSDefine

Simple English definitions for legal terms

contingent

Read a random definition: contentious possession

A quick definition of contingent:

Contingent: Something that may or may not happen in the future, depending on something else that is uncertain. For example, if you promise to clean your room only if your friend comes over, that promise is contingent on your friend's visit. In legal terms, a contingent event is one that will only happen if a certain condition is met. The opposite of contingent is vested, which means something is definite and unconditional.

A more thorough explanation:

Definition: Contingent means that something may or may not happen in the future, depending on whether a certain condition is met. This term is often used in contracts where an event will only happen if a specific condition is fulfilled. The opposite of contingent is vested, which means that something is definite and unconditional.

  • Contingent ownership: A person may have contingent ownership of a property, which means they can only enjoy ownership if a certain condition is met. For example, if a person inherits a house but can only take ownership if they get married within a year.
  • Contingent legacy: A person may leave a contingent legacy in their will, which means the inheritance can only be received if a certain condition is met. For example, if a person leaves money to their grandchild but only if the grandchild graduates from college.
  • Contingent fee: An attorney may work on a contingent fee basis, which means they only get paid if they win the case or achieve a specific result. For example, an attorney may only get paid if they win a lawsuit for their client.

These examples illustrate how contingent means that something is dependent on a specific condition being met. In each case, the outcome is uncertain until the condition is fulfilled. This uncertainty is what makes something contingent rather than vested.

contingency fee | contingent annuity

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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