Subsequentis a condition that terminates an existing obligation under the contract, when it occurs or fails to occur, depending on what is mentioned in the agreement. Concurrentis a condition that must be satisfied by both parties simultaneously for the contract to be fully binding. Universal const...
For example, the real estate contract might have a financing contingency for the buyer to procure a loan from a mortgage lender. A listing agent may feel confident enough that the prospective buyers will have no problem satisfying the loan contingency. So, instead of changing the status to cond...
While the majority of deals don’t fall through, that makes it all the more urgent for you to make your interest known to the seller if you fall in love with a home that’s under contract. It also underscores the importance of having your financial ducks in a row before you start shop...
it means that the buyer and seller have agreed to the terms of a purchase and sale agreement, but only if certain conditions are met. This is common in real estate because there are several steps between getting a property under contract and closing the deal. ...
Your real estate agent can explain your options and make recommendations. Although real estate contingencies protect your interests, be aware that too many stipulations in the contract can reduce the likelihood of the seller accepting your offer, especially in a tight market. » MORE: Contingent ...
t for payment in t +1, such that the real interest rate is fixed: E t rr t+1 = rr t+1 . (6) We also consider a nominal fixed interest rate, which could be viewed as an indexed contract: rr t+1 = R t+1 π t+1 , (7) where π t+1 ≡ P t+1 /P t is the ...
1882 © IASCF IAS 37 IN12 If an entity has a contract that is onerous, the present obligation under the contract should be recognised and measured as a provision. An onerous contract is one in which the unavoidable costs of meeting the obligations under the contract exceed the economic ...
(althoughoneofthemwassubsequentlywithdrawn). 1.2.1IFRIC1 IFRIC1–ChangesinExistingDecommissioning,RestorationandSimilarLiabilities–provides guidanceonhowtoaccountfortheeffectofchangesinthemeasurementofexistingprovisions forobligationstodismantle,removeorrestoreitemsofproperty,plantandequipment.Thisis discussedat6.3below...
For example, the most in-demand toys may be displayed in a tag cloud where the toys in the greatest demand may be displayed in a larger font than those toys in lower demand. Since demand may be a function of contingent event rights sold to users whose demand is evidenced by a ...
Your real estate agent can explain your options and make recommendations. Although real estate contingencies protect your interests, be aware that too many stipulations in the contract can reduce the likelihood of the seller accepting your offer, especially in a tight market. » MORE: Contingent ...