contingent


contingent
In context of liabilities ( liability), those liabilities that do not yet appear on the balance sheet ( i.e. guarantees, supports, lawsuit settlements). For support or recourse, the trigger may occur at any time in the future. Bloomberg Financial Dictionary

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contingent con‧tin‧gent [kənˈtɪndʒənt] adjective
1. be contingent on/​ upon something if one thing is contingent upon another, the second thing must happen in order for the first thing to happen or exist:

• Further investment is contingent upon the company's profits continuing to grow at the present rate.

2. HUMAN RESOURCES contingent work is done for a company by people who do not have a permanent contract with the company; = casual:

• Contingent work is disproportionately performed by the young or old, women, and people of color.

3. HUMAN RESOURCES contingent workers do work for a company but do not have a permanent contract; = casual:

• Unlike regular employees, contingent workers usually receive no health care, no benefits, and have no job security.

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contingent UK US /kənˈtɪndʒənt/ adjective
depending on something else in the future in order to happen: contingent on/upon sth »

The contract is contingent on approval by the Board of Trustees.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • 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 — contingent, ente [ kɔ̃tɛ̃ʒɑ̃, ɑ̃t ] adj. et n. m. • 1361; lat. contingens, p. prés. de contingere « arriver par hasard » I ♦ Adj. 1 ♦ Philos. Qui peut se produire ou non (opposé à nécessaire).⇒ accidentel, 1. casuel, conditionnel, éventuel,… …   Encyclopédie Universelle

  • Contingent — • Aside from its secondary and more obvious meaning (as, for instance, its qualification of the predicable accident, of a class of modal propositions, and so on), the primary and technically philosophical use of the term is for one of the supreme …   Catholic encyclopedia

  • contingent — CONTINGÉNT, contingente, s.n., adj. I. 1. s.n. Totalitatea cetăţenilor născuţi în acelaşi an şi luaţi în evidenţa comisariatelor militare; p. ext. anul recrutării; leat. 2. Grup de oameni având o compoziţie omogenă. 3. (înv.) Contribuţie. 4.… …   Dicționar Român

  • contingent — contingent, ente (kon tin jan, jan t ) adj. 1°   Terme de philosophie. Qui peut arriver ou ne pas arriver, éventuel. •   Ils raisonnaient sur les événements contingents ou non contingents de cet univers, VOLT. Cand. 29. •   La raison de mon… …   Dictionnaire de la Langue Française d'Émile Littré

  • contingent — CONTINGENT, [conting]ente. adj. Casuel, qui peut arriver, ou n arriver pas. C est une chose contingente, ne vous y assurez pas trop. cela est contingent, fort contingent. il faut mettre cela au nombre des choses contingentes. Il ne se dit guere… …   Dictionnaire de l'Académie française

  • Contingent — Con*tin gent, a. [L. contingens, entis, p. pr. of contingere to touch on all sides, to happen; con + tangere to touch: cf. F. contingent. See {Tangent}, {Tact}.] 1. Possible, or liable, but not certain, to occur; incidental; casual. [1913… …   The Collaborative International Dictionary of English

  • contingent — CONTINGENT, ENTE. adj. Casuel, qui peut arriver, ou n arriver pas. C est unc chose contingente, sur laquelle il ne faut pas compter. f♛/b] En termes d École, on appelle Futur contingent, Ce qui peut arriver ou n arriver pas; et Propositions… …   Dictionnaire de l'Académie Française 1798

  • contingent — (adj.) late 14c., from O.Fr. contingent or directly from L. contingentem (nom. contingens) happening, touching, prp. of contingere to touch (see CONTACT (Cf. contact)). The noun is from 1540s, thing happening by chance; as a group forming part of …   Etymology dictionary

  • contingent — [adj] conditional; possible accidental, casual, chance, controlled by, dependent, fluky, fortuitous, haphazard, incidental, likely, odd, probable, probably, random, subject to, unanticipated, uncertain, unexpected, unforeseeable, unforeseen,… …   New thesaurus

  • contingent — ► ADJECTIVE 1) subject to chance. 2) (contingent on/upon) dependent on. 3) (of losses, liabilities, etc.) that can be anticipated to arise if a particular event occurs. ► NOUN 1) a group of people with a common feature, forming part of a larger… …   English terms dictionary