contingencies teriminin İngilizce İngilizce sözlükte anlamı
Conditions which must be satisfied before the buyer can close the purchase of a property Contingencies are generally outlined in the purchase contract between the buyer and seller Example : The buyer has 14 days to remove the property contingency under the sales contract In this case the buyer has 14 days to inspect the property and request the seller to perform repairs If the buyer is not satisfied with the condition of the property or if the buyer and the seller cannot agree on repairs, the buyer may back out of the contract with no penalty After 14 days the buyer no longer has the right to back out with no penalty as a result of a problem with the condition of the property
an event (as an emergency) that may but is not certain to occur; something liable to happen as a result of something else
Contingencies are established by the Board of Supervisors to set aside funding for emergencies or other unforeseen expenditures that occur after adoption of the Final Budget and which cannot be absorbed within other existing appropriations The appropriation is also normally used to finance major items for which the total cost cannot be determined in advance (e g , settlement of pending litigation) It is limited to not more than 15% of the appropriations in any fund
These are conditions written into real estate offers and contracts to prevent a buyer from being forced to buy a house that is unsatisfactory--either structurally or financially
An appropriation of funds to cover unforeseen events and emergencies which occur during the budget year City Council must authorize the use of any contingency appropriations
The notes to financial statements describe certain uncertainties as to possible gain or loss, called "contingencies," that will ultimately be resolved when one or more future events occur or fail to occur These might include, for example, uncertainties as to the outcome of pending or threatened litigation, or guarantees of the indebtedness of others that could have an effect on the financial position or performance of the organization
Events or transactions whose effects on the financial statements depend on the outcome of some future event
Events that are possible but that may or may not happen Insurers base their premium rates and their willingness to accept risks partly on the probability that certain contingencies will or will not occur
an allowance in the project budget which will cover the cost of any (reasonable) unforeseen circumstances
Conditions contained in almost all home purchase offers The seller or buyer must meet or waive all their respective contingencies before the deal can be closed These conditions are related to such factors as the buyer's review and approval of property inspections or the buyer's ability to obtain the mortgage financing specified in the contract If you are a homebuyer, make absolutely certain that your offer contains a loan contingency Back to Top
Conditions (or escape clauses) that buyers put in their purchase offer, and sellers add in the counter-offer so that, if the contingency isn't fulfilled, the party that made it is free to walk away from the deal
what you're going to have to do next week So don't plan contingencies you can't live with
Budgeted funds for unanticipated project expenses, including a cost estimating contingency, a design contingency, and a construction contingency
An amount of money which a party to a contract has to pay to the other party (usually the supplier of a major project to the client) if he or she does not fulfill the contract according to the specification
Commonly, the dependence upon a stated event that must occur before a contract is binding For example, the sale of a house, contingent upon the buyer obtaining financing
A condition that must be met before a contract is legally binding For example, home buyers often include a contingency that specifies that the contract is not binding until after a satisfactory report from a qualified home inspector See home inspection
A condition that must be met before a contract is legally binding For example, homepurchasers often include a contingency that specifies that the contract is not binding until the purchaser obtains a satisfactory home inspection report from a qualified home inspector
Often placed in a real estate contract, this is a condition that must be met before a contract is legally binding Buyers and sellers often each add several contingencies
Conditions which must be satisfied before the buyer can close the purchase of a property Contingencies are generally outlined in the purchase contract between the buyer and seller
A condition that must be met before a contract is legally binding For example, home purchases often include a contingency that specifies that the contract is not binding until the purchaser obtains a satisfactory home inspection report from a qualified home inspector
A condition that must be met before a contract is legally binding For example, homebuyers often include a contingency that specifies that the contract is not binding until a qualified buyer for their current home is found
An amount of money which a party to a contract has to pay to the other party (usually the supplier of a major project to the client) if he does not fulfil the contract according to the specification
A condition upon which a valid contract is dependent Typically found in the offer to purchase and the purchase and sale agreement For example, the sale of a house is contingent upon the buyer obtaining adequate financing
A condition that must be met before a contract is legally binding For example, home purchasers often include a contingency that specifies that the contract is not binding until the purchaser obtains a satisfactory home inspection report from a qualified home inspector
A condition that must be met before a contract is binding For example, the sale of a house might be contingent upon the seller paying for certain repairs