WebBritannica Dictionary definition of CONTINGENCY. [count] : something (such as an emergency) that might happen. In making our business plans, we tried to prepare for any … WebOct 29, 2024 · Contingent means the seller of the home has accepted an offer—one that comes with one or more contingencies or conditions that must be met before the sale can go through. The listing is still technically active until the contingency has been met.
What Is Contingency Planning? [+ Examples] - HubSpot
WebApr 29, 2024 · Contingency plans are all about protecting your project resources and helping your business operations move forward during a disruptive scenario. That’s why before you start mapping out continuity plans, you need to identify your most valuable resources. These include workers, software, or equipment needed to complete a project. WebMar 31, 2024 · Contingent: With Or Without A Kick-Out Clause If the contingent status has a kick-out clause, it means there’s a deadline to fulfill all contingencies. Without a kick-out clause, there’s no set deadline in place. In other words, the seller can take their time meeting all the contingencies listed in the buyer’s offer. Short-Sale Contingent the paper studio scrapbooking
Contingency Definition & Meaning Britannica Dictionary
WebMar 6, 2024 · noun : a plan that can be followed if an original plan is not possible for some reason Example Sentences Recent Examples on the Web But like many content creators and marketers, Okamoto and team have a contingency plan. Travers Johnson, Forbes, 31 Mar. 2024 What's the contingency plan at safety? Victoria Moorwood, The Enquirer, 6 Mar. 2024 WebJan 13, 2024 · A contingency plan is an action plan that goes into place if an incident were to happen. Contingency plans can significantly impact whether your business can achieve continuity. Being able to react and take action during a crisis can dictate whether or not your business can emerge from the other side and continue normal business operations. WebOct 9, 2024 · “A contingency in a deal means there’s something the buyer has to do for the process to go forward, whether that’s getting approved for a loan or selling a property they own,” explains Jimmy... shuttle edc