Contingency

Definition

  • A condition that must be met for the property sale to go through, such as a satisfactory home inspection or approval for a mortgage.

Synonyms
conditional, subject to, dependent on

Related Terms and Acronyms

  • Conditional Sale (C/S) Acronym,
    • An agreement between the buyer and seller in where certain conditions must be met before the property sale can be finalized.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Home Inspection Definition,
    • A thorough examination of a house's visible structural parts and systems, conducted before purchase.
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