Active contingent means the same thing as “contingent.” A seller has accepted a buyer’s offer, and the property is technically off the market. The owner cannot accept a better offer from another buyer unless the original buyer does not proceed with the sale. Agents also refer to this as...
"Active" status may be further broken down into subcategories. "Active Contingent" means the house is still technically available, but its sale may be pending a buyer's financing approval. "Active Option Contract" means that the seller has accepted an offer from a purchaser, but the contract ...
Similar to contingent beneficiaries and contingent ownership, a contingent assignment can be named in two ways: Contingent Assignment by Name: This involves designating a specific individual or entity as the contingent assignee. If the original assignee is unable to fulfill their obligations, the contin...
What does contingent mean in real estate? When a property is marked as contingent, an offer has been accepted by the seller. Contingent deals are still active listings because they are liable to fall out of contract if requested provisions are not met. If all goes well, contingent deals wil...
life insurance, it’s important to understand the different types of coverage available. Two common terms you may come across when researching life insurance are “primary” and “contingent.” In this article, we will explore what these terms mean and how they impact your life insurance ...
Being sectioned, it’s not the most fun experience, but it does mean you get treated. But they’re bringing in the new White Paper. It’s going to be even harder to get her sectioned, so she might be facing a lifetime of illness. (Carer, Crisis team, individual interview) Particip...
Do this mean the policy ends at 10 years? What does this mean? Hersh Stern (ImmediateAnnuities.com) 2015-03-31 12:53:19 Hi Martin- Your wife is the owner and annuitant of an "immediate annuity" contract. The majority of immediate annuities are set up to makes payments in one of the...
Being sectioned, it’s not the most fun experience, but it does mean you get treated. But they’re bringing in the new White Paper. It’s going to be even harder to get her sectioned, so she might be facing a lifetime of illness. (Carer, Crisis team, individual interview) Particip...
Different valuations can mean different things and are often used for different reasons. The two types you’ll most likely encounter are market value and assessed value. Here's a quick explainer on market value vs. assessed value: Market value is the estimated amount active buyers...
A contingent beneficiary is a secondary recipient of the life insurance death benefit, coming into play if the primary beneficiary is unable or unwilling to receive the proceeds. This designation acts as a safeguard, ensuring that the death benefit does not go unclaimed or end up in the wrong ...