The meaning of CONTINGENCY FEE is a fee for services (as of a lawyer) paid upon successful completion of the services and usually calculated as a percentage of the gain realized for the client —called also contingent fee.
1 ENTRIES FOUND: contingency fee(noun) contingency feenoun pluralcontingency fees Britannica Dictionary definition of CONTINGENCY FEE [count]US :a payment that you make to a lawyer only if the lawyer wins your case in court
The meaning of CONTINGENCY FUND is an amount of money that can be used to pay for problems that might happen.
a fee for legal services that depends upon success and is related to that success. Such charging schemes are permitted in (among other places) the USA, Canada, Spain and Germany. A contingency fee proper is a fixed fee that is paid only on success. A fee that is a share of the litiga...
Define contingency fund. contingency fund synonyms, contingency fund pronunciation, contingency fund translation, English dictionary definition of contingency fund. contingency fund. Translations. English: contingency fund n Eventualfonds m. German / Deu
A Contingency Fee Arrangement Is Different Than Hourly Billing The use of a contingency fee agreement is specific to Civil Law and is the preferred means of exchanging money for legal services in personal injury cases. The traditional means of paying an attorney is via hourly billing, a very di...
From Longman Business Dictionaryconˈtingency ˌfee(alsocontingent fee)[countable]when a lawyer is paid a percentage of anyDAMAGEs(=money forlossorinjury) that they win for theirclientIn settling a personal injury case, a contingency fee contract with his client gave Mr Goodman one-third of...
Did You Know? The word "infant" comes from the Latin word "infans" which literally means "unable to speak; speechless." Did You Know? The word cereal comes from the Roman goddess, Ceres, who is the goddess of agriculture. Advertisement Advertisement contingencecontingency feeBrowse...
commission- a fee for services rendered based on a percentage of an amount received or collected or agreed to be paid (as distinguished from a salary); "he works on commission" contingency fee- a fee that is payable only if the outcome is successful (as for an attorney's services) ...
nounAccounting. money or securities set aside to cover unexpected conditions or losses in business, usually supplementing a contingency reserve.Origin of contingency fund1 First recorded in 1880–85Words Nearby contingency fund continently continents contingence contingency contingency fee contingency fund ...