Meaning of Contingent

Contingent

Language - English

Tamil Word - நிபந்தனைக்குட்பட்ட

Occurring or existing only if certain circumstances are the case; dependent on. (e.g., The completion of the property sale is contingent upon the buyer obtaining a mortgage loan.) In Tamil Nadu real estate transactions, 'Contingent' clauses or conditions are common in agreements. They specify that certain events or actions must occur before the transaction can be finalized, providing a degree of flexibility and protection for both buyers and sellers.