Another typical question buyers and sellers have iswhat active under contract means. The active contingent meaning is pretty straightforward. 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 ...
What does ‘active under contract’ mean? Depending on your location, you may see a home listed as “active under contract” instead of simply “under contract.” The terms are used interchangeably.Homeslisted as active under contract also are properties with accepted offers that still have conti...
This would mean that you’ve lost the opportunity to sell those 200 cakes altogether. But with the contingent contract in place, that opportunity still stands. The same goes for the convenience store. If they had outright rejected the additional 150 cakes, regardless of how quickly they sold...
There are some disadvantages to the use of a contingent workforce. Since they are not permanent employees, contingent workers may not have any loyalty to a company. They may have trouble integrating with permanent staff and cause a disruption in the morale of the workplace. Since contingent work...
There is no expiration or cut-off date to payments you receive under a Life annuity. All companies continue your payments for as long as you are living. The contract only ends upon your death. Hersh Thuy 2015-11-24 10:17:17 Does the type of immediate annuity (life, certain & life etc...
Not determined or influenced by someone or something else; not contingent A decision independent of the outcome of the study. Independence The quality or state of being independent; lack of dependence; the state of not being reliant on, or controlled by, others. Independent Often Independent Affil...
Contingenciesin a real estate contract allow either one of the parties to back out of the deal if certain specified conditions are not met. This could include a home inspection that reveals serious problems with the home or the purchase being contingent upon the buyer securing financing (see abo...
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...
Social impact bonds(also known as Pay for Success Bonds or social benefit bonds) are a specific type of instrument that acts as a contract with the public sector or local government. Repayment and return on investment are contingent upon the achievement of certain social outcomes and achievements...
A contingency clause refers to an event that may occur if certain conditions have been fulfilled, but if those conditions are not met, the other party does not need to fulfill their obligation. A contingency clause can be inserted into a contract to benefit either party. Courts often require ...