be+contingent+upon
41contingent loss — A loss that depends upon the outcome of some contingency. For example, if there is a substantial legal claim for damages against a company, there is a contingent loss (depending on the outcome of the claim). Compare contingent gain See also… …
42contingent on/upon — dependent on. → contingent …
43contingent — [kən tɪndʒ(ə)nt] adjective 1》 subject to chance. ↘(contingent on/upon) dependent on. ↘(of losses, liabilities, etc.) that can be anticipated to arise if a particular event occurs. 2》 Philosophy true by virtue of the way things in fact are …
44contingent — /kənˈtɪndʒənt / (say kuhn tinjuhnt) adjective 1. (sometimes followed by on or upon) dependent for existence, occurrence, character, etc., on something not yet certain; conditional. 2. liable to happen or not; uncertain; possible. 3. happening by… …
45contingent bequest — A legacy which is intended by the testator to vest only in the event and upon condition of the happening of a contingency named therein. If the time of payment merely be postponed, and it appears to be the intention of the testator that his… …
46contingent remainder — An estate in remainder under a limitation which is uncertain as to the person who is to take or as to the event upon which the preceding estate is to terminate, so that the preceding estate may terminate and yet the remainder never take effect.… …
47contingent annuity — noun : an annuity terminable upon the happening of a future event uncertain either as to the date or the possibility of occurrence * * * contingent annuity One that depends on the continuance of some status, such as the life of a person • • •… …
48contingent liability — noun : an amount that may or may not be owed dependent on the outcome of a contingency (as a discounted note receivable) * * * a liability dependent upon the occurrence of a particular event, as default by the maker of a guaranteed loan. * * *… …
49contingent liability — a liability dependent upon the occurrence of a particular event, as default by the maker of a guaranteed loan. * * * …
50Contingent Asset — An asset in which the possibility of an economic benefit depends solely upon future events that can t be controlled by the company. Due to the uncertainty of the future events, these assets are not placed on the balance sheet. However, they can… …
