- contingent claim
- One which has not accrued and which is dependent on some future event that may never happen
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
contingent claim
Look at other dictionaries:
contingent claim — a claim that may be owed by the debtor under certain circumstances. For example, where the debtor is a cosigner on another person s loan and that person fails to pay (Glossary of Common Bankruptcy Terms) A claim against a debtor that will only… … Glossary of Bankruptcy
contingent claim — A liability which depends upon some future event which may or may not happen, and which, therefore, makes it wholly uncertain whether ultimately there ever will be a liability. Re Ayeres, 123 Neb 453, 243 NE 274. A claim against an insolvent… … Ballentine's law dictionary
contingent claim — noun A claim that can be made when certain specified outcomes occur … Wiktionary
Contingent claim — A claim that can be made only if one or more specified outcomes occur. The New York Times Financial Glossary … Financial and business terms
contingent claim — A claim that can be made only if one or more specified outcomes occur. Bloomberg Financial Dictionary … Financial and business terms
contingent claim — One which has not accrued and which is dependent on some future event that may never happen … Black's law dictionary
claim — n [Old French, from clamer to call, claim, from Latin clamare to shout, proclaim] 1 a: a demand for something (as money) due or believed to be due; specif: a demand for a benefit (as under the workers compensation law) or contractual payment (as… … Law dictionary
contingent — con·tin·gent /kən tin jənt/ adj 1: likely but not certain to happen compare executory 2: intended for use in circumstances not completely foreseen a contingent fund 3: dependent on or conditioned by something else … Law dictionary
contingent debt — One which is not presently fixed, but may become so in the future with the occurrence of some uncertain event. A debt in bankruptcy which may be proved and allowed and which arises out of contract. It does not encompass a tort claim on which no… … Black's law dictionary
contingent debt — One which is not presently fixed, but may become so in the future with the occurrence of some uncertain event. A debt in bankruptcy which may be proved and allowed and which arises out of contract. It does not encompass a tort claim on which no… … Black's law dictionary
