contingent meaning, definition, what is contingent: depending on something that may happen i...: Learn more.
Google Share on Facebook conditional (redirected fromContingent fact) Also found in:Dictionary,Thesaurus,Legal,Encyclopedia. conditional (kən-dĭsh′ə-nəl) adj. 1.Imposing, depending on, or containing a condition. 2.PsychologyBrought about by conditioning. ...
Life insurance policies often include several contingent clauses that outline specific conditions or events that may affect the policy’s coverage or benefits. These clauses are designed to address potential uncertainties and provide guidance on how the policy should function in certain scenarios. Let’...
International Accounting Standard 37 (IAS 37), applicable to IFRS, states the following: “Contingent assets are not recognized, but they are disclosed when it is more likely than not that an inflow of benefits will occur. However, when the inflow of benefits is virtually certain an asset is ...
The Holder is entitled to the benefits of the Trust Securities Guarantee and the Contingent Guarantee to the extent provided in each such Guarantee. In exceptional circumstances, where we have a persistent offender operating in Southwark, we have the option to prosecute the skip operator. The Conti...
anySpecial Bonusand anyother benefitsdueto Employeepursuant to the Agreement, agreesto payEmployee a bonus (the "Bonus")for the Company's respectivecalendar yearsending 1996, 1997, 1998 and 1999to the extentthe Company, in such respective calendar year, has achieved at least 80% to 120% (the...
Benefits of hiring contingent workers Counter burnout impact Eliminate labor shortage Build meritocracy Cost-efficiency How to manage contingent workers? Who is a contingent worker? The meaning of a contingent worker is simple. It is a person hired to work on a project basis by an employer. A...
suretyistoprovide any benefits to the Company and for that purpose to mortgage or charge the Company's undertaking, property and uncalled capital or any part thereof, on such terms and conditions asmaybethought expedient in support of any such obligations bindingontheCompany whethercontingentor...
Usually receives benefits like group health insurance, paid time off, or retirement savings Employers hold back taxes on behalf of employees Hourly or day rate is often lower, though guaranteed throughout the year Works at employer-set intervals and locations Contingent worker examples For ...
There needs to be a present obligation from a past event There needs to be a reliable estimate, and There needs to be a probable outflow of resources embodying economic benefits (eg cash)These criteria will now be examined in further detail to see how they can be a...