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A contingent contract is an agreement that states which actions under certain conditions will result in specific outcomes. [1] Contingent contracts usually occur when negotiating parties fail to reach an agreement. The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions ...
Future contingent propositions (or simply, future contingents) are statements about states of affairs in the future that are contingent: neither necessarily true nor necessarily false. The problem of future contingents seems to have been first discussed by Aristotle in chapter 9 of his On Interpretation ( De Interpretatione ), using the famous ...
As of April 2012, the project has been paused pending other discussions. [6] The amendments were controversial for setting out rules on how entities would account for legal cases in their financial statements; it would require firms to recognize the contingent liability as a weighted average of the possible outcomes of a legal case. [7]
Contingency is one of three basic modes alongside necessity and possibility. In modal logic, a contingent statement stands in the modal realm between what is necessary and what is impossible, never crossing into the territory of either status. Contingent and necessary statements form the complete set of possible statements.
In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event [1] such as the outcome of a pending lawsuit. These liabilities are not recorded in a company's accounts and shown in the balance sheet when both probable and reasonably estimable as 'contingency' or ...
Learn about contingent staffing, including what it is and how to get started with a contingent workforce. Find the benefits, plus other essential information.
In the United States, a contingent election is used to elect the president or vice president if no candidate receives a majority of the whole number of electors appointed. A presidential contingent election is decided by a special vote of the United States House of Representatives, while a vice-presidential contingent election is decided by a vote of the United States Senate.
However, if the payment status is pending or it has been more than three days since you sent the money, Zelle’s FAQ page recommends confirming that the recipient has fully enrolled their Zelle ...