What is the meaning of contingency?

contingency is 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.

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APABarry Goldsmith. (2010). contingency. Retrieved September 21, 2026, from http://smartdefine.org/contingency/definitions/1150628
ChicagoBarry Goldsmith. 2010. "contingency" http://smartdefine.org/contingency/definitions/1150628 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, contingency, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/contingency/definitions/1150628>.
MLABarry Goldsmith. "contingency" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/contingency/definitions/1150628>
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